Shoe Carnival, Inc. Announces Name Change to Shoe Station Group and Ticker Symbol Change to “SHOE”
FORT MILL, S.C.--( BUSINESS WIRE)--Shoe Carnival, Inc., (Nasdaq: SCVL) (the “Company”), a leading omnichannel retailer of footwear and accessories for the family, today announced that it received shareholder approval to change its name to Shoe Station Group, Inc. The name change will be effective June 12, 2026. In connection with the name change, the Company's common stock is expected to begin trading on The Nasdaq Stock Market LLC under the symbol "SHOE" on Friday, June 12, 2026. Shares will continue trading under the symbol "SCVL" through the close of market on Thursday, June 11, 2026.
“We are pleased our shareholders overwhelmingly approved changing our corporate name to Shoe Station Group, Inc. The new name and new ticker are reflective of our multi-banner strategy with Shoe Station as our primary long-term growth vehicle and Shoe Carnival continuing in markets where it is dominant. We will also seek to expand our business through strategic acquisitions of other footwear retailers,” said Cliff Sifford, Interim President and Chief Executive Officer.
Additionally, the Company’s Board of Directors approved the payment of a quarterly cash dividend of $0.17 per share to be paid on July 20, 2026, to shareholders of record as of the close of business on July 6, 2026. This marks the Company’s 57 th consecutive quarterly dividend.
Future declarations of dividends are subject to approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.
About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest omnichannel family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of June 11, 2026, the Company operated 426 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. Headquartered in Fort Mill, SC, and with distribution and support operations located in Evansville, IN, Shoe Carnival, Inc. trades on The Nasdaq Stock Market LLC under the symbol SCVL and beginning on June 12, 2026 will trade under the symbol SHOE.
Name and Ticker Change Details
New Corporate Name:
Shoe Station Group, Inc.
Former Corporate Name:
Shoe Carnival, Inc.
Effective Date:
June 12, 2026
New Ticker Symbol:
SHOE
Former Ticker Symbol:
SCVL
Effective Date:
June 12, 2026
Exchange:
Nasdaq
CUSIP:
824889109 (unchanged)
Transfer Agent:
Computershare
The Company urges stakeholders to ensure that data links to receive company information, updates and current trading activity utilizing “Shoe Carnival” or “SCVL” are adjusted to “Shoe Station Group” and “SHOE” on June 12, 2026.
Press releases and annual reports are available on the Company's website at www.shoecarnival.com.
Cautionary Statement Regarding Forward-Looking Information
As used herein, “we,” “our” and “us” refer to Shoe Carnival, Inc. This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. These forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties, and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized. Forward-looking statements can be identified by, among other things, the use of forward-looking terms such as “believes,” “expects,” “aims,” “on track,” “may,” “will,” “should,” “seeks,” “pro forma,” “anticipates,” “intends” or the negative of any of these terms, or comparable terminology, or by discussions of strategy or intentions. Given these uncertainties, we caution investors not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We disclaim any obligation to update any of these factors or to publicly announce any revisions to the forward-looking statements contained in this press release to reflect future events or developments. A number of factors could cause our actual results, performance, achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, but are not limited to: