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2,260,000 SHOE CARNIVAL, INC. COMMON SHARES OFFERED AT $16.75 PER SHARE

 EVANSVILLE, Ind., Nov. 22 /PRNewswire/ -- Shoe Carnival, Inc. (NASDAQ: SCVL) today announced the public offering of 2,620,000 shares of its common stock at $16.75 per share. The shares began trading on Nov. 17, 1993, on the Nasdaq National Market System. The offering was managed by McDonald & Company Securities, Inc. and The Robinson-Humphrey Company, Inc. Of the shares offered, 1,500,000 shares were offered by the company and 1,120,000 shares were offered by certain of the company's shareholders. The company has granted the underwriters a 30- day option to purchase up to 393,000 additional shares to cover over- allotments, if any.
 The company's portion of the net proceeds from this offering will be used to repay indebtedness under the company's line of credit to fund the opening of new stores and the expansion of the company's headquarters and distribution facility, and to provide working capital.
 Shoe Carnival, Inc. is a high volume, value oriented retailer of family footwear currently operating a chain of 55 stores in 15 states predominately in the Midwest and Midsouth.
 This press release shall not constitute an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 A prospectus relating to these securities may be obtained from McDonald & Company Securities, Inc., 800 Superior Ave., Suite 2100, Cleveland, OH 44114, 216-443-2370, or The Robinson-Humphrey Company, Inc., Atlanta Financial Center, South Tower-10th Floor, 3333 Peachtree Rd. NE, Atlanta, GA 30326, 404-266-6450.
 -0- 11/22/93
 /CONTACT: Mark L. Lemond, executive vice president and chief financial officer, of Shoe Carnival, 812-867-4034/
 (SCVL)


CO: Shoe Carnival, Inc. ST: Indiana IN: REA SU: OFR

AR -- CL014 -- 6915 11/22/93 15:39 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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