The family footwear retailer has expanded its footprint through the acquisition of privately held, family-owned Shoe Station.
The acquisition, the first in Shoe Carnival’s 43-year history, creates a complementary retail platform for the retailer to serve a broader customer base across both urban and suburban demographics. Shoe Station has a strong track record of capitalising on emerging footwear fashion trends and introducing new brands to its customers, according to Shoe Carnival.
Shoe Carnival operates 377 stores in 35 states and Puerto Rico. With the addition of Shoe Station to its portfolio, the retailer expects to surpass 400 stores by the end of 2022. It is looking to double-digit new store growth in the years ahead.
“We are excited to welcome Shoe Station to the Shoe Carnival team,” said Mark Worden, who was promoted to President and CEO of Shoe Carnival earlier this year. “Coming on the heels of our best quarter of our best year in our 43-year history, this deal accelerates our journey toward becoming a multi-billion dollar retailer in the years ahead.”
