FORT MILL, S.C., June 11 — Shoe Carnival, Inc., (Nasdaq: SCVL) (the “Company”), a leading omnichannel retailer of footwear and accessories for the family, today announced that it received shareholder approval to change its name to Shoe Station Group, Inc. The name change will be effective June 12, 2026. In connection with the name change, the Company’s common stock is expected to begin trading on The Nasdaq Stock Market LLC under the symbol “SHOE” on Friday, June 12, 2026. Shares will continue trading under the symbol “SCVL” through the close of market on Thursday, June 11, 2026.
“We are pleased our shareholders overwhelmingly approved changing our corporate name to Shoe Station Group, Inc. The new name and new ticker are reflective of our multi-banner strategy with Shoe Station as our primary long-term growth vehicle and Shoe Carnival continuing in markets where it is dominant. We will also seek to expand our business through strategic acquisitions of other footwear retailers,” said Cliff Sifford, Interim President and Chief Executive Officer.
Additionally, the Company’s Board of Directors approved the payment of a quarterly cash dividend of $0.17 per share to be paid on July 20, 2026, to shareholders of record as of the close of business on July 6, 2026. This marks the Company’s 57th consecutive quarterly dividend.
Future declarations of dividends are subject to approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.