Shoe Carnival Acquires Rogan’s Shoes and Announces Full Year Fiscal 2023 Preliminary Results
02/13/24, 9:37 PM
Location
evansvilleracineIndustry
retail
shoes
fashion
Shoe Carnival, Inc. has acquired Rogan Shoes, Incorporated, a 53-year-old work and family footwear company with 28 store locations in Wisconsin, Minnesota, and Illinois, for a purchase price of $45 million. This strategic acquisition is expected to be immediately accretive to Shoe Carnival’s fiscal 2024 earnings and will position the company as the market leader in Wisconsin while providing expansion opportunities in Minnesota. The acquisition is funded entirely with cash on hand and is part of Shoe Carnival’s growth strategy to become the nation’s leading family footwear retailer.
Company Info
Location
Evansville, Indiana, United States
Company info
Shoe Carnival, Inc. (Nasdaq: SCVL) is a leading family footwear retailer with a commitment to providing a wide assortment of name-brand and private-label footwear for the entire family. With a strategic focus on organic growth initiatives and mergers and acquisitions, Shoe Carnival continues to expand its geographic footprint and customer base.