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The Ride Is Just Getting Started At Shoe Carnival

Shoe Carnival (NASDAQ:SCVL) is one of the more underrated footwear retailers in the market. Having the smallest store base doesn't help, but it's also shunned because it's a family-focused retailer, unlike some of the exciting other retailers that showcase running and basketball goods, including Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL).

However, its carnival-like atmosphere is meant to help offer value-focused products in a fun environment. And families need shoes too. Mother Nature dealt Shoe Carnival a serious blow at the end of last fiscal year, with store traffic falling off a cliff in December and January and comparable store sales down for the fourth quarter. This has sent investors scurrying for the exits....

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