Shoe Carnival Announces Strategic Reset and Store Closures
Shoe Carnival will maintain its two banners, Shoe Carnival and Shoe Station, as separate concepts following a strategic review. The company plans to close between 12-14 stores in fiscal 2026 and another 6-10 in fiscal 2027, primarily under the Shoe Carnival banner. Despite weak Q1 performance with declining sales and losses, management reaffirmed its full-year guidance.
Topics: guidance retail store_closures strategic_review