The less-than-stellar holiday results continue for retail.
The company reported third-quarter earnings this week.
Global market events such as Brexit and shifting trends likely contributed to the tough summer.
Shoe Carnival was the latest family footwear retailer to feel the effects of a slow retail season this summer.
Since 2011, Skechers has donated more than 7.5 million pairs of its Bobs shoes to the K.I.D.S/Fashion Delivers charity.
The Evansville, Ind.-based family-footwear retailer’s sales increased 3 percent, to $260 million, in Q1. Analysts were expecting sales of $264 million.
Analysts are upbeat on Shoe Carnival as a “go-to” for many consumers who have been generally skittish on footwear and apparel spending lately.