We are delighted to become part of Shoe Carnival, and I cannot wait to partner with Mark and his talented team to unlock more exciting opportunities to come.”
Find men’s shoes for any occasion, including men’s dress shoes, athletics, and work boots. Browse a broad array of women’s shoes, including sandals, women’s boots, high heels, and more. Outfit the kids with the hottest shoes at affordable prices. Database of Shoe Station stores, factory stores and the easiest way to find Shoe Station store locations, map, shopping hours and information about brand. At Georgia Shoe Station stores, you will find shoes for every style and every age. “Taken together, the two brands create a winning customer value proposition. Shoe Station store locator displays list of stores in neighborhood, cities, states and countries. “Shoe Carnival brings infrastructure and financial backing to significantly accelerate our Shoe Station brand growth,” said Mr. Brent Barkin will continue to lead Shoe Station while focusing on new business growth opportunities for the combined Company. Barkin, has been with Shoe Station for over twenty years. Barkin, the son of Shoe Station’s founder Terry S. Brent Barkin, will become the Company’s Senior Vice President, New Business Development & Integration, reporting to Mr. Shoe Station’s current President and Chief Executive Officer, G. Shoe Station has a strong track record of capitalizing on emerging footwear fashion trends and introducing new brands to its customers. The addition of a new brand and new retail locations to the Shoe Carnival portfolio creates a complementary retail platform to serve a broader customer base across both urban and suburban demographics. With this acquisition, the first in its history, the Company will own and operate Shoe Station’s locations across the Southeast. “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.” “We are excited to welcome Shoe Station to the Shoe Carnival team,” said Mark Worden, Shoe Carnival’s President and Chief Executive Officer. The Shoe Station assets were acquired for $67 million, subject to customary adjustments, funded through cash on hand. 24 locations in Alabama, Florida, Georgia, Louisiana, Mississippi. Hundreds of Name Brand Shoes at the Right Prices. “This means growing the Shoe Station footprint immediately, while continuing to invest in Shoe Carnival’s retail expansion and also looking for ways to increase our market share with further acquisitions.Shoe Carnival, Inc., a leading retailer of footwear and accessories for the family, announced today that it has acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates stores in five Southeastern states. Shoe Station 1,748 followers on LinkedIn. “Given our strong balance sheet and significant investment in our back-end operations, we are ready to grow rapidly both organically and through further acquisitions,” Worden tells FN on a phone call. After the close of the deal, the company will have more than $100 million in cash on hand, consistent with cash reserves from the same period in fiscal 2020. We are delighted to become part of Shoe Carnival, and I cannot wait to partner with Mark and his talented team to unlock more exciting opportunities to come.”Īccording to Shoe Carnival, the transaction is expected to contribute approximately $100 million in incremental net sales. “Taken together, the two brands create a winning customer value proposition.
If you are under 18, you must get consent from your parent or guardian. Consent is not a condition of any purchase. By signing up via text, you agree to receive recurring automated marketing text messages from Shoe Station at the cell number used when signing up. “Shoe Carnival brings infrastructure and financial backing to significantly accelerate our Shoe Station brand growth,” added Barkin in a statement. Text JOIN to 67464 to sign up for Shoe Station text alerts. The retailer said that Barkin will continue to lead Shoe Station while focusing on new business growth opportunities for the combined company. Brent Barkin, who is the son of Founder Terry Barkin, will become Shoe Carnival’s SVP of new business development and integration, reporting to Worden. “We are excited to welcome Shoe Station to the Shoe Carnival team,” said Shoe Carnival President and CEO Mark Worden in a statement. Shoe Carnival Offers Soft 2023 Guidance After Sales Miss in Q4
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