Why Shoe Carnival Stock Was Falling Today

·2 min read
Why Shoe Carnival Stock Was Falling Today

Shares of Shoe Carnival (NASDAQ: SCVL) were sliding Wednesday. A strong first-quarter earnings report wasn't enough to buck the broader fears in the retail industry after big-box chains like Walmart and Target badly missed bottom-line estimates. As of 10:14 a.m. ET, Shoe Carnival stock was down 13%.

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