Shoe Carnival Acquires Rogan’s Shoes and Announces Full Year Fiscal 2023 Preliminary Results

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.