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Shoe Carnival Sees ‘Minor’ Uptick in Social-Occasion Shoes

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Strong athletic sales, reduced promotional activity and a booming e-commerce business coalesced to boost Shoe Carnival’s fourth quarter sales to record numbers. As it predicted in February, the shoe retailer finished the quarter ended Jan. 30 with net sales of $253.9 million, a 5.8 percent increase compared to the year-ago period. Comparable store sales rose…

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