Shoe Carnival reported revenue growth of 122.6% year over year in the 13 weeks to May 1, 2021, helped by the absence of store closures a year ago linked to COVID-19. Growth has come “despite ongoing supply chain issues” according to CEO Cliff Sifford though the firm is “expecting supply chain issues to normalize during the second half of the calendar year”. Mr. Sifford also noted a change in mix of products that customers are buying towards formalwear. Total U.S. imports of shoes rose by 8.5% year over year in Q1’21 and by 31.0% higher than a year earlier...
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