The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
EVANSVILLE, United Kingdom — Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
On a per-share basis, the Evansville, Indiana-based company said it had profit of 54 cents.
The footwear retailer posted revenue of $274.5 million in the period.
Shoe Carnival expects full-year earnings to be $1.46 to $1.51 per share, with revenue in the range of $1 billion to $1.01 billion.
Shoe Carnival shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.13, an increase of 50 percent in the last 12 months.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.