Shoe Carnival, Inc. acquired Assets of Shoe Station, Inc. for $67 million.
December 02, 2021
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Shoe Carnival, Inc. acquired Assets of Shoe Station, Inc. for $67 million on December 3, 2021. G. Brent Barkin will continue to lead Shoe Station. The transaction was funded through cash on hand. The transaction is subject to customary adjustments. The transaction is expected to be immediately accretive to diluted net income per share in fiscal 2022. Jefferies, LLC acted as financial advisor to Shoe Carnival, Inc. KPMG LLP acted as due diligence provider to Shoe Carnival, Inc. Faegre Drinker Biddle & Reath LLP acted as legal advisor to Shoe Carnival, Inc. TM Capital Corp. acted as financial advisor to Shoe Station. Baker & Hostetler LLP acted as legal advisor to Shoe Station. CohnReznick LLP provided due diligence to Shoe Station.
Shoe Carnival, Inc. completed the acquisition of Assets of Shoe Station, Inc. from Shoe Station, Inc. on December 3, 2021.
Shoe Carnival, Inc. is a family footwear retailer. It offers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. Its omnichannel bricks provide customers easy access to its range assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. Its typical physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, women's and children's, and a range of accessories. Its trademarks and service marks: Shoe Carnival and associated trade dress and related logos, Y-NOT?, UNR8ED, Solanz, Shoe Perks, SC Work Wear, A Surprise In Store, Shoes 2U, Laces for Learning, Princess Laceyâs Laces, Shoe Station, Shoe Station Super Store and Shoe Station Select. It operates 429 stores in 36 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com.
SHOE CARNIVAL, INC. 
