10:14 AM EST, 11/13/2025 (MT Newswires) -- Shoe Carnival ( SCVL ) said Thursday its board approved changing the company's name to Shoe Station Group, pending shareholder approval in June 2026.

The company expects about $20 million in annual cost savings and a 20% to 25% inventory investment reduction by fiscal 2027 as it consolidates banners under Shoe Station.

Shares of the company were up 4.8% in recent Thursday trading.

Price: 17.75, Change: +0.81, Percent Change: +4.78