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Shoe Carnival history
Shoe Carnival company history timeline
Public Company Incorporated: 1978 as Russell Shoe Biz Inc.
By 1984 Shoe Carnival was generating a lofty $8 million in annual sales from its three stores.
Russell and Weaver planned to open only six or seven additional outlets in 1990, however.
Shoe Carnival generated sales of about $127 million in 1992.
Basch, Mark, "Weaver to Sell $11 Million of Shoe Stock," Florida Times Union , October 20, 1993.
By the end of 1993, in fact, Shoe Carnival had opened a total of 57 stores in 15 states.
Shoe Carnival's revenues rose 37 percent in 1994 to $214 million.
Going into 1994, then, Shoe Carnival was an emerging power in the United States family footwear industry.
To boost the profitability of existing stores, Shoe Carnival reduced its expansion plans for 1995, although it still expected to open up to 15 new outlets.
Ongoing sales gains and a relatively meager debt load in 1995 boded well for Shoe Carnival's long-term prospects.
Founder Russell resigned in 1996 due to health problems.
Sales and profits rebounded, and in 1999 the company received a line of credit that would allow it to expand by up to 30 stores per year.
Twenty-two new stores opened their doors in 2004, and 12 to 14 new stores were slated to begin operations the following year.
When asked what his top priority was in a 2005 Evansville Courier interview, Lemond replied, "Continued growth.
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Shoe Carnival competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Dillard's | 1938 | $6.6B | 40,000 | 17 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,468 |
| Tailored Brands | 1973 | $2.9B | 19,300 | 676 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 2,252 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Staples | 1986 | $18.2B | 75,000 | 1,900 |
| Finish Line | 1976 | $2.0B | 10,000 | 339 |
| Payless ShoeSource | 1956 | $3.0B | 18,000 | - |
| The Rockport Company | 1971 | $1.2B | 3,500 | - |
| Jos. A. Bank | 1905 | $1.0B | 6,340 | - |
Shoe Carnival history FAQs
Zippia gives an in-depth look into the details of Shoe Carnival, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Shoe Carnival. The employee data is based on information from people who have self-reported their past or current employments at Shoe Carnival. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Shoe Carnival. The data presented on this page does not represent the view of Shoe Carnival and its employees or that of Zippia.
Shoe Carnival may also be known as or be related to Shoe Carnival, Shoe Carnival Inc, Shoe Carnival Inc. and Shoe Carnival, Inc.