EVANSVILLE, Ind.--(BUSINESS WIRE)--Aug 23, 2018--Shoe Carnival, Inc. (Nasdaq: SCVL) (“the Company”), a leading retailer of moderately priced footwear and accessories, today announced the appointment of brand and marketing veteran, Mark Worden, to the newly created role of Executive Vice President, Chief Strategy and Marketing Officer, effective September 10, 2018.

“We are excited to welcome Mark to the Shoe Carnival team with his incredible depth of experience as a brand builder and marketing executive,” commented Cliff Sifford, Shoe Carnival’s President and Chief Executive Officer. “We believe Mark’s leadership and deep insight into marketing and brand-building will help us as we continue on our road to improve, innovate and enhance customer engagement and experience. We are convinced that Mark’s contributions will serve to propel Shoe Carnival to the next level of performance and growth.”

Mr. Worden will join Shoe Carnival with over 23 years of brand management, marketing and general and executive management experience leading international consumer packaged goods brands at the SC Johnson Company and Kimberly-Clark Corporation. Prior to joining Shoe Carnival, he led the Northern European region for SC Johnson and was responsible for revenue and share growth objectives across six countries. Prior to this role, Mr. Worden was Assistant to the Chairman and CEO of SC Johnson as well as a Senior Marketing Director. During his tenure at Kimberly-Clark, Mr. Worden was a Senior Brand Manager, and held multiple marketing roles across their flagship brands. Mark has a BS in Economics and Business Management from Cornell University and an MBA in Marketing from The College of William & Mary.

About Shoe Carnival

Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. As of August 23, 2018, the Company operates 402 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival trades on The NASDAQ Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases and annual report are available on the Company's website at www.shoecarnival.com.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties, such as statements about the impact of Mr. Worden’s experience and contribution on Shoe Carnival. A number of factors could cause our actual results, performance, achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, but are not limited to: general economic conditions in the areas of the continental United States in which our stores are located and the impact of the ongoing economic crisis and hurricane recovery in Puerto Rico on sales at, and cash flows of, our stores located in Puerto Rico; the effects and duration of economic downturns and unemployment rates; changes in the overall retail environment and more specifically in the apparel and footwear retail sectors; our ability to generate increased sales at our stores; our ability to successfully navigate the increasing use of on-line retailers for fashion purchases and the impact on traffic and transactions in our physical stores; our ability to attract customers to our e-commerce website and to successfully grow our e-commerce sales; the potential impact of national and international security concerns on the retail environment; changes in our relationships with key suppliers; the impact of competition and pricing; our ability to successfully manage and execute our marketing initiatives and maintain positive brand perception and recognition; changes in weather patterns, consumer buying trends and our ability to identify and respond to emerging fashion trends; the impact of disruptions in our distribution or information technology operations; the effectiveness of our inventory management; the impact of natural disasters on our stores, as well as on consumer confidence and purchasing in general; risks associated with the seasonality of the retail industry; the impact of unauthorized disclosure or misuse of personal and confidential information about our customers, vendors and employees, including as a result of a cyber-security breach; our ability to manage our third-party vendor relationships; our ability to successfully execute our business strategy, including the availability of desirable store locations at acceptable lease terms, our ability to open new stores in a timely and profitable manner, including our entry into major new markets, and the availability of sufficient funds to implement our business plans; higher than anticipated costs associated with the closing of underperforming stores; the inability of manufacturers to deliver products in a timely manner; changes in the political and economic environments in, the status of trade relations with, and the impact of changes in trade policies and tariffs impacting, China and other countries which are the major manufacturers of footwear; the impact of regulatory changes in the United States and the countries where our manufacturers are located; the resolution of litigation or regulatory proceedings in which we are or may become involved; our ability to meet our labor needs while controlling costs; the impact of the U.S. Tax Cuts and Jobs Act of 2017; future stock repurchases under our stock repurchase program and future dividend payments; and other factors described in the Company’s SEC filings, including the Company’s latest Annual Report on Form 10-K.

In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized. Forward-looking statements can be identified by, among other things, the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “pro forma,” “anticipates,” “intends” or the negative of any of these terms, or comparable terminology, or by discussions of strategy or intentions. Given these uncertainties, we caution investors not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We disclaim any obligation to update any of these factors or to publicly announce any revisions to the forward-looking statements contained in this press release to reflect future events or developments.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005763/en/

CONTACT: Shoe Carnival, Inc.

Cliff Sifford

President and Chief Executive Officer

or

W. Kerry Jackson

Senior Executive Vice President, Chief Operating and Financial Officer and Treasurer

(812) 867-6471

www.shoecarnival.com

KEYWORD: UNITED STATES NORTH AMERICA INDIANA

INDUSTRY KEYWORD: MANUFACTURING TEXTILES RETAIL FASHION

SOURCE: Shoe Carnival, Inc.

Copyright Business Wire 2018.

PUB: 08/23/2018 04:34 PM/DISC: 08/23/2018 04:34 PM

http://www.businesswire.com/news/home/20180823005763/en