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With this acquisition, the first in its history, the Company will own and operate Shoe Station’s locations across the Southeast. The addition of. As of June 22, , the Company has re-opened all but one of its stores across the U.S. and Puerto Rico. For the fiscal second quarter-to-date, Shoe.
– Is shoe carnival going out of business
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Close Menu. Access exclusive content Subscribe Today! Follow Us. Over the coming weeks, Shoe Carnival plans to reopen even more stores in line with state and local laws after temporarily shuttering its locations in mid-March due to the spread of COVID In a Securities and Exchange Commission filing two weeks ago, Shoe Carnival revealed that it has exercised the accordion feature of its credit agreement to improve financial flexibility.
It has no cash borrowings under the facility. Further, the company has deferred nonessential projects and advertising activities and is working with its supply chain partners to scale down inventories. The cutbacks are to be effective until at least half of its stores have reopened. Store associates are continuing to be paid during this time. Sign up for FN’s Newsletter. For the latest news, follow us on Facebook , Twitter , and Instagram.