News

Shoe Carnival posts lower sales

25/05/2007


US
footwear chain Shoe Carnival, Inc. has posted lower sales for the first quarter ended May 5.

Net sales decreased 1.7% to $165.7 million from the $168.5 million reported in the first quarter of 2006, whilst comparable store sales for the thirteen-week period declined 3.7%. Net earnings fell to $7.3 million compared with $7.4 million in the comparable prior-year period.

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