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Why Shoe Carnival Stock Was Falling Today

TheMotleyFool

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Why Shoe Carnival Stock Was Falling TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

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%.

Image source: Getty Images.

Source Fool.com

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