Shoe Carnival acquires Rogan’s Shoes (digitalcommerce360.com)

Shoe Carnival acquired Rogan’s Shoes, the retailer announced Feb. 13. The deal was worth $45 million, it said in a statement.

Shoe Carnival is No. 335 in the Top 1000. The Digital Commerce 360 database ranks North America’s leading retailers by online sales.

The footwear retailer expects to see benefits from the acquisition in its 2024 fiscal year. Adding Rogan’s to Shoe Carnival’s portfolio will generate approximately $84 million in sales and $10 million in operating income in 2024, the retailer said. That doesn’t include transaction and integration costs.

Rogan’s is 53 years old, with 28 locations across Wisconsin, Illinois and Minnesota. The acquisition makes Shoe Carnival the market leader in Wisconsin and establishes a store base in Minnesota.
more at: https://www.digitalcommerce360.com/2024/02/15/shoe-carnival-acquires-rogans-shoes/

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