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	<title>Stock Blog Hub &#187; SCVL</title>
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		<title>(SCVL) Shoe Carnival Reports 8 Cents Against 2 Cents Consensus Estimate</title>
		<link>http://www.stockbloghub.com/2009/08/31/scvl-shoe-carnival-reports-8-cents-against-2-cents-consensus-estimate/13921</link>
		<comments>http://www.stockbloghub.com/2009/08/31/scvl-shoe-carnival-reports-8-cents-against-2-cents-consensus-estimate/13921#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:16:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Apparel Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[SCVL]]></category>
		<category><![CDATA[Shoe Carnival Inc.]]></category>

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		<description><![CDATA[Shoe Carnival (SCVL), a leading retailer of value-priced footwear and accessories, reported modest second quarter results with earnings of 8 cents per share, which was above the Zacks Consensus Estimate of 2 cents. Earnings were in line with the prior-year quarter. Net sales for the quarter declined 3.6% year over year to $152.8 million while comparable store sales fell 6.4%. The decrease in sales was attributable to lower customer traffic impacted by the global recession. Sales were down across all the departments. In the women’s non-athletic department, sales were down to mid single-digit. However, overall sales in the department were partially offset by positive results in the women’s sandal category. In the men’s non-athletic department, sales declined to mid single-digits for the quarter. The decline is primarily due to a ]]></description>
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