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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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Food Lion manager get early wedding gift
Food Lion store manager Charles Inman received the retailer’s highest honor this week and offered yet another example of the growth potential the retail industry offers.
Inman joined Food Lion in 2002 as a cashier and over the years held positions of increasing responsibility, including produce manager, office manager and assistant store manager. He was later promoted to store manager and was recently selected from among a group of 1,119 store managers to receive the retailer’s Store Manager Excellence Award.