Shoe Station bought by Shoe Carnival for $ 67 million
MOBILE, Alabama (WKRG) – Shoe Station is now owned by Shoe Carnival, after it was acquired in a $ 67 million deal.
Shoe Station, a mobile-based business, will now be owned and operated by Shoe Carnival, a national retailer trying to expand its reach into Southeast markets.
Although the company is owned by Shoe Carnival, Shoe Station’s head office will remain in Mobile.
Shoe Station will also retain its brand identity and will remain under the supervision of Shoe Station President Brent Barkin.
Brent Barkin, son of Shoe Station founder Terry S. Barkin, will serve as Senior Vice President of New Business Development and Integration at Shoe Carnival.
Barkin released this statement regarding Shoe Station’s acquisition of Shoe Carnival:
“Shoe Carnival provides the infrastructure and financial support to dramatically accelerate the growth of our Shoe Station brand,” said Barkin. “Together, the two brands create a winning customer value proposition. We are thrilled to be a part of Shoe Carnival, and I look forward to partnering with Mark and his talented team to open up more exciting opportunities to come.