Shoe Carnival purchases family-owned retailer to acquire 21 locations in 5 states
EVANSVILLE, Ind. (WFIE) - Evansville-based Shoe Carnival announced the acquisition of another retailer on Friday.
Shoe Carnival officials say for the first time in the 43-year history of the brand, the retail store is growing through acquisition after reaching an agreement to purchase Shoe Station, which is a family-owned shoe retailer based out of Mobile, Alabama.
Brand officials say the two parties completed the $67 million cash deal on Thursday.
According to a press release, Shoe Carnival will own and operate 21 new locations that spread across five states in the Southeast.
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