Fashion
Shoe Carnival to rebrand as Shoe Station Group
Published
November 13, 2025
Footwear and accessories retailer Shoe Carnival, Inc. announced on Thursday plans to change its corporate name to Shoe Station Group, Inc., reflecting a strategic shift toward unifying its retail operations under a single banner.
The company expects over 90 percent of its store fleet to operate as Shoe Station by the end of fiscal 2028, with the remainder to be evaluated for rebannering, outlet repositioning, or closure. Having completed 100 store conversions in fiscal 2025, the retailer anticipates that more than half of its stores will operate under the Shoe Station name by the back-to-school season in 2026.
“Today marks a pivotal moment for our company. Shoe Station is winning – growing comps, expanding margins and capturing new customers,” said Mark Worden, president and chief executive officer.
“The board of directors’ decision to approve the corporate name change to Shoe Station Group reflects our confidence in this banner’s potential and establishes our foundation for becoming the nation’s leading family footwear retailer.”
Preliminary third-quarter results highlight the brand’s momentum. Shoe Station posted a 5.3 percent increase in net sales, while the legacy Shoe Carnival banner saw a 5.2 percent sales decline, attributed to continued pressure on lower-income consumers. Overall net sales during the quarter reached $297.2 million, and diluted earnings per share came in at $0.53.
As part of the change, the retailer anticipates approximately $20 million in annual cost savings by the end of fiscal 2027, while inventory investment is expected to decrease by 20–25 percent.
“We are building a simpler, more efficient company with one team, one infrastructure, and one P&L that is expected to generate millions in annual cost savings, sharply reduce our inventory investment, and create a balance sheet built for both organic growth and strategic acquisitions,” added Worden.
Shoe Carnival is expected to report its full third-quarter financial results on Thursday, November 20.
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Fashion
EU-funded RegioGreenTex pushes 25 SME pilots to commercialisation
RegioGreenTex was one of the first projects funded under the Interregional Innovation Investments (I3) Instrument programme that focused on process, service and business model innovation, developing advanced textile recycling technologies, regional recycling hubs, and a digital ecosystem for matchmaking and capacity building.
Five regional hubs mapped SME needs and developed services and value chains as well as tools that keep helping SMEs, an official release said.
The RegioGreenTex Digital Tool keeps matchmaking, sharing trainings and hosting the participants’ knowledge base.
The Waste Wizard shows how artificial intelligence-enhanced matchmaking can link leftover textiles with the right reuse or recycling routes.
From recycled-content yarn processes (Tintex) to Recycrom low-impact dyeing (Officina39), ultrasonic quilting for full recyclability (Rovitex) and hybrid recycled-fibre yarns (Hilaturas Mar), the pilots showed concrete, repeatable ways to cut impact without losing performance.
The hubs are now open for collaboration, the digital tools are live and the pilot portfolio is primed for investors and adopters.
Fibre2Fashion News Desk (DS)
Fashion
Higher energy costs to slow India FY27 growth to 6.5%: ICRA
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Fashion
Indonesia’s apparel exports at $8.7 bn; 56% shipments to US
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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