Shoe Carnival, one of the US’s biggest footwear retailers, has reported a jump in annual revenues, following its 2021 acquisition of competitor Shoe Station, which it says puts it on track to become a multi-billion-dollar retailer in five years.

Full-year net sales grew $225.7 million, or 22% compared with 2019, with the Shoe Carnival banner growing $125.8 million and the Shoe Station stores contributing $99.9 million. 

A key contributor was an 8 million (30%) increase in Shoe Perks loyalty members since 2019.

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