Shoe Carnival, Inc. (Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories, today announced that Mark Lemond, the Company’s Chief Executive Officer, Kerry Jackson, the Company's Chief Financial Officer, and Cliff Sifford, the Company’s Executive Vice President and General Merchandise Manager, will participate in the 14 th Annual ICR XChange Conference on Wednesday, January 11, 2012 in Miami, FL.

Shoe Carnival’s investor presentation is scheduled for Wednesday, January 11, 2012 at 1:35 p.m. ET. The audio portion of the presentation will be webcast live, and a replay will be available until Wednesday, January 25, 2012 on the Investors section of the Company's website at www.shoecarnival.com.

About Shoe Carnival

Shoe Carnival is a chain of 327 footwear stores located in the Midwest, South and Southeast. In addition to its retail stores, the Company also operates an internet retailing site at shoecarnival.com. Combining value pricing with an entertaining store format, Shoe Carnival is a leading retailer of name brand and private label footwear for the entire family. Headquartered in Evansville, IN, Shoe Carnival trades on The NASDAQ Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases and annual report are available on the Company's website at www.shoecarnival.com.

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