Net income slipped 38% in the fourth quarter to $9,055,000 from $14,665,000 on 3% lower sales of $254,066,000, down from $262,939,000 that included a -3.5% comp, with Shoe Carnival doors comping down mid-single digits and Shoe Station down low-single digits. Rogan’s sales were $15.5 million, and it is now fully integrated into the Shoe Station operating model. E-commerce sales for Shoe Station outperformed, but brick-and-mortar struggled, with rebannered stores down in the high single digits and legacy stores down in the mid-singles.

Cliff Sifford, who is back at the helm on an ... Log in to view full article.