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Shoe Carnival steps up revenue growth in Q4
EVANSVILLE, Ind. — Quarterly net earnings at Shoe Carnival fell to $3.2 million, compared with $3.3 million in the year-ago period.
Revenue rose 13.1% to $205.7 million from $181.9 million, and same-store sales edged up 0.5%.
For the full year, profit rose to $29.3 million from $26.4 million, sales increased 12.1% to $855 million, and same-store sales advanced 4.5%.
In fiscal 2013, the company said it expects to open 30 to 35 new stores, relocate seven stores and close five to seven stores.
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Study: DSW is America’s favorite shoe retailer, followed by Nordstrom
Boulder, Colo. -- In survey results released Wednesday by Market Force Information, DSW was named America’s No. 1 shoe retailer by more than 4,000 consumers polled.
Nordstrom, Nike, Shoe Carnival and Famous Footwear rounded out the top five.