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Stock impact report

Shoe Carnival Plots ‘Rapid' Growth Strategy For Shoe Station Banner as It Reports Q4 Earnings [Yahoo! Finance]

Shoe Carnival, Inc. (SCVL) 
Last shoe carnival, inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The retailer is implementing a long-term strategy to “rapidly scale up” Shoe Station, which it acquired in 2021 , into a “national footwear and accessories leader.” The company noted that the first investment phase is to convert 175 stores to the Shoe Station banner over the next 24 months. Once this phase is complete, the company noted that it expects to operate 218 Shoe Station stores, representing 51 percent of the its present store fleet. More from Footwear News Allbirds CEO Says New Shoe Launches Will Spark Growth by End of Year Puma Reports 4% Rise in 2024 Sales, Lowers Profit Outlook for 2025 During fiscal 2025, the company noted that it expects to convert between 50 to 75 Shoe Carnival units to Shoe Station stores. The first-year investment is forecasted to decrease fiscal 2025 operating income by between $20 million to $25 million, inclusive of store closing costs, amortization of new store construction costs, a four-to-six-week store closure period through each stor Show less Read more
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