Fort Mill, S.C. — Shoe Carnival, Inc., a leading retailer of footwear and accessories for the family, has noted that its board of directors has unanimously voted to change the corporate name to Shoe Station Group, Inc., subject to approval of the name change by shareholders at the company’s annual shareholder meeting in June 2026.
The company expects over 90% of its fleet to operate as Shoe Station by the end of fiscal 2028, with the remaining locations being evaluated for re-bannering, outlet repositioning or closure. The company has completed 100 store re-banners during fiscal 2025 and is on track for 51% of its fleet to operate as Shoe Station by the back-to-school season in 2026.
“Today marks a pivotal moment for our company. Shoe Station is winning — growing comps, expanding margins and capturing new customers. The board of directors’ decision to approve the corporate name change to Shoe Station Group reflects our confidence in this banner’s potential and establishes our foundation for becoming the nation’s leading family footwear retailer,” says Mark Worden, president and chief executive officer.
The company’s consolidation toward one banner is expected to create significant structural advantages and efficiencies, including:
• $20 million in annual cost savings and operating efficiencies expected by the end of fiscal 2027.
• Significant reduction in dual-brand operational complexity across merchandising, marketing, systems, supply chain and back office.
• Harmonized processes enabling faster decision making and improved execution.
• A 20% to 25% reduction in inventory investment anticipated by the end of fiscal 2027, as Shoe Station’s premium assortment, customer centric layout and efficient unit economics free up working capital.
• Annual comparable sales growth expected starting in fiscal 2027 as Shoe Station becomes the dominant banner.
“We are building a simpler, more efficient company with one team, one infrastructure and one P&L that is expected to generate millions in annual cost savings, sharply reduce our inventory investment and create a balance sheet built for both organic growth and strategic acquisitions,” says Worden.
Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers. As of Nov. 13, 2025, the company operated 428 stores in 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com. The company is headquartered in Fort Mill, S.C., with distribution and support operations located in Evansville, Ind.
SOURCE: Shoe Carnival, Inc.