US: Shoe Carnival Q2 sales slip up on athletic products
Shoe Carnival Inc, which sells value-priced footwear and accessories, today said second quarter sales slipped on poor performance of its athletic products.
Quarterly sales were down 1.2% to $146.9m from $148.7m in the same period last year. Comparable store sales decreased 1.0% in the second quarter.
Sales for the first six months of 2006 increased 1.9% to $315.4m from $309.4m in the same period last year. Comparable store sales increased 1.8% for the 26 weeks.
Mark Lemond, president and chief executive officer, said. "We continue to perform well with our men's and women's dress and casual product achieving respectable comparable store sales increases in the second quarter."
Based on these results, the company now expects diluted earnings per share to be $0.20 or $0.21 for the second quarter of 2006.
Help test our new apparel sourcing tool.
Value-led shoe and accessory retailer Shoe Carnival enjoyed mixed fortunes during the second quarter, with net earnings up 5.8% to US$2.9m....
Value footwear retailer Shoe Carnival saw net income soar by 25% during the first quarter of fiscal 2006, driven by strong sales....
Footwear retailer Shoe Carnival has reported a more than doubled fourth-quarter profit to US$3m compared to $1.2m last year....
- What TTIP might mean for US, EU textiles & apparel
- Unlocks for the future fashion sourcing landscape
- Four steps to reduce product defects
- EU eyes mandatory due diligence for apparel supply
- Geo-political uncertainty and how to survive it
- US Q4 in brief – Finish Line, Oxford Industries
- H&M, VF Corp and Levi among most ethical companies
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective