Shoe Carnival, Inc. (Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories, today reported sales for the four-week period ended May 27, 2000 increased 16 percent to $31.1 million from sales of $26.8 million for the four-week period ended May 29, 1999. Comparable store sales decreased 1.5 percent in May 2000.Sales for the first four months of 2000 increased 20.6 percent to $126.5 million from sales of $104.9 million for the first four months of 1999. Comparable store sales increased by 0.7 percent for the seventeen-week period.Shoe Carnival is a chain of 147 footwear stores located in the Midwest, South and Southeast. Combining value pricing with an entertaining store format, Shoe Carnival is a leading retailer of name brand and private label footwear for the entire family. Headquartered in Evansville, IN, Shoe Carnival trades on the Nasdaq Stock Market under the symbol SCVL. Shoe Carnival’s press releases and annual report are available on the Company’s website at

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