Shoe Carnival’s Kerry Jackson Returns to Lead M&A Efforts

Shoe Carnival has announced the reappointment of Kerry Jackson, its former CFO, as the senior vice president of new business development. This new role, which reports directly to President and CEO Mark Worden, will focus on spearheading merger and acquisition activities. Jackson's return is integral to Shoe Carnival's strategic vision of becoming a leading family footwear retailer in the United States. With Jackson’s vast experience, including 35 years at Shoe Carnival and an extensive tenure as CFO, he is poised to drive strategic mergers and acquisitions as well as the integration of acquired businesses and synergy initiatives. Additionally, Shoe Carnival aims to expand its footprint and strengthen its market position by converting existing stores into Shoe Station outposts, with approximately 120 stores expected to undergo this change by the end of fiscal 2025. Despite recent challenges, such as a decline in net sales and net income in the first quarter of fiscal 2025, the company remains optimistic about its future growth, projecting net sales between $1.15 billion and $1.23 billion for the year.