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<SEC-DOCUMENT>0001206774-10-001432.txt : 20100610
<SEC-HEADER>0001206774-10-001432.hdr.sgml : 20100610
<ACCEPTANCE-DATETIME>20100610163344
ACCESSION NUMBER:		0001206774-10-001432
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20100501
FILED AS OF DATE:		20100610
DATE AS OF CHANGE:		20100610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHOE CARNIVAL INC
		CENTRAL INDEX KEY:			0000895447
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				351736614
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21360
		FILM NUMBER:		10890682

	BUSINESS ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
		BUSINESS PHONE:		8128676471

	MAIL ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>shoecarnival_10q.htm
<DESCRIPTION>QUARTERLY REPORT
<TEXT>
<html>
<head>
    <title>shoecarnival_10q.htm</title>
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</head>
<body bgcolor="#ffffff">
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">UNITED STATES <br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SECURITIES AND EXCHANGE COMMISSION <br></font></font><font size="2" style="FONT-FAMILY: serif">Washington, D.C. 20549</font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Form 10-Q </font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">[X]</font></font></td>
            <td align="left" nowrap width="1%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td align="left" nowrap width="97%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Quarterly report pursuant to Section 13
      or 15(d) of the Securities Exchange Act of 1934</font></font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="97%"><font size="2" style="FONT-FAMILY: serif">For the quarterly period ended&#160;&#160; </font><font size="2" style="FONT-FAMILY: serif"><font style="DISPLAY: inline; FONT-WEIGHT: bold">May 1, 2010</font><font size="3">
      </font></font></td>
          </tr><tr valign="bottom">
            <td colspan="3" nowrap width="99%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">or</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">[ &#160; ]</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="97%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Transition report pursuant to Section 13
      or 15(d) of the Securities Exchange Act of 1934</font></font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="97%"><font size="2" style="FONT-FAMILY: serif">For the transition period from __________________ </font><font size="2" style="FONT-FAMILY: serif"><font style="DISPLAY: inline; FONT-WEIGHT: bold">to
      </font>__________________</font></td>
          </tr></table>
    </div><br>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="90%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="15%"><font size="2" style="FONT-FAMILY: serif">Commission File Number:</font></td>
            <td align="left" nowrap width="20%">
            </td>
            <td align="left" nowrap width="64%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      0-21360</font></td>
          </tr></table><br></div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="90%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td width="100%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Shoe Carnival, Inc.</font></font></td>
          </tr><tr valign="bottom">
            <td nowrap width="100%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(Exact name of registrant as specified
      in its charter)</font></font></td>
          </tr></table>
    </div>
    <div align="justify">&#160;</div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="90%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="47%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Indiana</font></font></td>
            <td nowrap width="5%">&#160;&#160;&#160;&#160; </td>
            <td nowrap width="48%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">35-1736614</font></font></td>
          </tr><tr valign="bottom">
            <td nowrap width="47%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(State or other jurisdiction
      of</font></font></td>
            <td nowrap width="5%">
            </td>
            <td nowrap width="48%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(IRS Employer Identification
      Number)</font></font></td>
          </tr><tr valign="bottom">
            <td nowrap width="47%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">incorporation or
      organization)</font></font></td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="48%">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="47%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">7500 East Columbia
    Street</font></font></td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="48%">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="47%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Evansville, IN</font></font></td>
            <td nowrap width="5%">
            </td>
            <td nowrap width="48%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">47715</font></font></td>
          </tr><tr valign="bottom">
            <td nowrap width="47%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(Address of principal executive
      offices)</font></font></td>
            <td nowrap width="5%">
            </td>
            <td nowrap width="48%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(Zip
code)</font></font></td>
          </tr></table>
    </div>
    <div align="justify">&#160;</div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="90%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="100%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2">(812) <font style="FONT-FAMILY: serif">867-6471</font></font></font></td>
          </tr><tr valign="bottom">
            <td nowrap width="100%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">(Registrant's telephone number,
      including area code)</font></font></td>
          </tr><tr>
            <td nowrap width="100%">
            </td>
          </tr><tr>
            <td nowrap width="100%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2">NOT APPLICABLE</font></font></td>
          </tr><tr>
            <td nowrap width="100%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2">(Former name,
      former address and former fiscal year, if changed since last
      report)</font></font></td>
          </tr></table>
    </div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">&#160;</font></div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="10%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[X]Yes</font></td>
            <td nowrap width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[&#160;&#160; ]No
</font></td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Indicate by check
mark whether the registrant has submitted electronically and posted on its
corporate website, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter)
during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files). </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="10%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[&#160;&#160; ]Yes</font></td>
            <td nowrap width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[&#160;&#160; ]No
</font></td>
          </tr></table>
    </div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">&#160;</font></div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer or a smaller reporting company. See definitions of
"large accelerated filer", "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act. (Check one): </font></div>
    <div>&#160;</div>
    <div align="center"><font size="1" style="FONT-FAMILY: serif">[&#160;&#160; ] Large
accelerated filer&#160;&#160;&#160;&#160;&#160; [X] Accelerated
filer&#160;&#160;&#160;&#160;&#160; [&#160;&#160; ] Non-accelerated
filer&#160;&#160;&#160;&#160;&#160; [&#160;&#160; ] Smaller reporting company
</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="10%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[&#160;&#160; ]Yes</font></td>
            <td nowrap width="25%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="25%"><font size="1">[X]No
</font></td>
          </tr></table>
    </div>
    <div align="center"><font size="1" style="FONT-FAMILY: serif">APPLICABLE ONLY TO
CORPORATE ISSUERS: </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Indicate the number
of shares outstanding of each of the issuer's classes of common stock, as of the
latest practicable date. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="1" style="FONT-FAMILY: serif">Number of Shares of
Common Stock, $.01 par value, outstanding at June 4, 2010 were 13,177,208.
</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br>INDEX TO FORM 10-Q
</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">&#160;&#160;&#160;&#160;&#160; </td>
            <td align="left" nowrap width="91%">
            </td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Page</font></font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Part I</font></td>
            <td align="left" colspan="3" nowrap width="93%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Financial Information</font></td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">Item 1.</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="91%"><font size="2" style="FONT-FAMILY: serif">Financial Statements (Unaudited)</font></td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" colspan="3" nowrap width="93%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Condensed Consolidated Balance Sheets</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">3</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%">&#160;</td>
            <td align="left" colspan="3" nowrap width="93%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Condensed Consolidated Statements of Income</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">4</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" colspan="3" nowrap width="93%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Condensed Consolidated Statement of Shareholders' Equity</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">5</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" colspan="3" nowrap width="93%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Condensed Consolidated Statements of Cash Flows</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">6</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" colspan="3" nowrap width="93%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Notes to Condensed Consolidated Financial Statements</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">7</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="91%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Item 2.</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Management's Discussion and Analysis of
      Financial Condition and Results of Operations</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2">13</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td nowrap width="91%">&#160;</td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Item 3.</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Quantitative and Qualitative Disclosures
      About Market Risk</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">18</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="91%">
            </td>
            <td nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Item 4.</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Controls and Procedures</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">18</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" colspan="3" nowrap width="93%">&#160;</td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Part II &#160;</font></td>
            <td align="left" colspan="3" nowrap width="93%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Other Information</font></td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">Item 1A.</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="91%"><font size="2" style="FONT-FAMILY: serif">Risk Factors</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">19</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%" bgcolor="#ffffff">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">&#160;</td>
            <td align="right" nowrap width="1%" bgcolor="#ffffff">
            </td>
            <td align="left" nowrap width="91%" bgcolor="#ffffff">
            </td>
            <td nowrap width="3%" bgcolor="#ffffff">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Item 2.</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Unregistered Sales of Equity Securities
      and Use of Proceeds</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">19</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="91%">
            </td>
            <td nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Item 6.</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Exhibits</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">19</font></td>
          </tr><tr>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" colspan="2" nowrap width="2%">&#160;</td>
            <td align="left" nowrap width="91%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" colspan="2" nowrap width="2%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Signature</font></td>
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0">
            </td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2">21</font></td>
          </tr></table>
    </div><br>
    <div style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">2</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br>PART I - FINANCIAL
INFORMATION </font></font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 1. FINANCIAL STATEMENTS
</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CONDENSED CONSOLIDATED BALANCE SHEETS<br>Unaudited</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">January 30,</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands, except per share
      data)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">2009</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" bgcolor="#c0c0c0" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">Assets</font></td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">Current Assets:</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Cash and cash equivalents</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">51,760</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">44,168</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">20,231</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Accounts receivable</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,376</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">746</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,055</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Merchandise inventories</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">200,157</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">197,452</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">188,234</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Deferred income tax
    benefit</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3,453</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3,255</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">2,376</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Other</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">7,727</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">2,480</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">7,326</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Total Current Assets</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">264,473</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">248,101</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">219,222</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Property and equipment-net</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">60,879</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">62,162</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">69,445</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Other</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">1,270</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">1,378</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">635</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Total Assets</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">326,622</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">311,641</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">289,302</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr>
            <td align="left" nowrap width="82%">&#160; </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Liabilities and Shareholders' Equity</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Current Liabilities:</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Accounts payable</font></font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">53,722</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">57,235</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">48,520</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Accrued and other
      liabilities</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">21,633</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">14,353</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">15,775</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Total Current Liabilities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">75,355</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">71,588</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">64,295</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Deferred lease
      incentives</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">6,766</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">6,501</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">5,621</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Accrued rent</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">5,115</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">5,155</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">5,221</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Deferred income
taxes</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">542</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,052</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,104</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Deferred compensation</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">4,087</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3,548</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">2,865</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Other</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">2,262</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">2,008</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">1,681</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Total Liabilities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">94,127</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">89,812</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">80,787</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr>
            <td align="left" nowrap width="82%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Shareholders' Equity:</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Common stock, $.01 par value, 50,000
      shares</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">authorized, 13,655, 13,655 and 13,657
      shares issued at</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">May 1, 2010, January 30, 2010 and May 2,
      2009,</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">respectively</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">137</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">137</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">137</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Additional paid-in
    capital</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">64,993</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">66,851</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">67,309</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Retained earnings</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">178,279</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">169,032</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">157,998</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Treasury stock, at cost, 478, 622 and 739
      shares at</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">May 1, 2010, January 30, 2010 and May 2,
      2009,</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </font><font size="2" style="FONT-FAMILY: serif">respectively</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(10,914</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(14,191</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(16,929</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Total Shareholders'
      Equity</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">232,495</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">221,829</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">208,515</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Total Liabilities and Shareholders' Equity</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">326,622</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">311,641</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">289,302</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">&#160;</td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">See notes to
condensed consolidated financial statements. </font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">3</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CONDENSED CONSOLIDATED STATEMENTS OF
INCOME<br>Unaudited</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="84%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="84%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="84%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands, except per share
      data)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net sales</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160; &#160;
      &#160;&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">189,457</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160; &#160;&#160;&#160;
      &#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">167,269</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Cost of sales (including buying,</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; distribution and occupancy
      costs)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">130,185</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">120,629</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Gross profit</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">59,272</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">46,640</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Selling, general and administrative expenses</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">44,281</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">40,056</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Operating income</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">14,991</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">6,584</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Interest income</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">(23</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">(3</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Interest expense</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">69</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">42</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Income before income taxes</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">14,945</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">6,545</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Income tax expense</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">&#160;</td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">5,698</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">2,413</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Net income</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">9,247</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,132</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr>
            <td align="left" nowrap width="84%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net income per share:</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Basic</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">.73</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">.33</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      Diluted</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">.72</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">.33</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr>
            <td align="left" nowrap width="84%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Average shares outstanding:</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Basic</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,687</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,480</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Diluted</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,874</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,520</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">See notes to
condensed consolidated financial statements. </font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">4</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY<br>Unaudited
</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="63%" style="TEXT-ALIGN: center">&#160;</td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td colspan="7" nowrap width="13%" style="BORDER-BOTTOM: 4px; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Additional</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">&#160;</td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;</td>
          </tr><tr valign="bottom">
            <td nowrap width="63%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="7" nowrap width="13%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Common
      Stock</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Paid-In</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Retained</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Treasury</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="63%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Issued</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Treasury</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Amount</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Capital</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Earnings</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;<font size="2" style="FONT-FAMILY: serif">Stock</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Total</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Balance at January 30, 2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">13,655</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (622</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">137</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">66,851</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">169,032</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(14,191</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;
    </font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">221,829</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%"><font size="2" style="FONT-FAMILY: serif">Stock option exercises</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">23</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(201</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">514</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">313</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      income tax benefit</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">216</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">216</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%"><font size="2" style="FONT-FAMILY: serif">Employee stock purchase plan</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; purchases</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(11</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">70</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">59</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Restricted stock awards</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">130</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(2,968</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">2,968</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%"><font size="2" style="FONT-FAMILY: serif">Common stock repurchased</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(12</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(275</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(275</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;
      expense</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">1,106</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">1,106</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%"><font size="2" style="FONT-FAMILY: serif">Net income</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">9,247</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">9,247</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="63%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Balance at May 1, 2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">13,655</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">(478</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">137</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">64,993</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">178,279</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">(10,914</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">232,495</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">See notes to
condensed consolidated financial statements. </font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">5</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<br>Unaudited
</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Cash Flows From Operating
      Activities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; Net income</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">9,247</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">4,132</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Adjustments to reconcile net income to
      net</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">cash provided by (used in) operating
      activities:</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Depreciation and
      amortization</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3,509</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3,883</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Stock-based compensation</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">1,285</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(230</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Loss on retirement and impairment of
      assets</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,171</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">32</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Deferred income taxes</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(708</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(111</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Lease incentives</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">652</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">119</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Other</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">228</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(206</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Changes in operating assets and
      liabilities:</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Accounts receivable</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(630</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">552</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#ffffff"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Merchandise inventories</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#ffffff"><font size="2" style="FONT-FAMILY: serif">(2,705</font></td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#ffffff"><font size="2" style="FONT-FAMILY: serif">1,260</font></td>
            <td align="left" nowrap width="1%" bgcolor="#ffffff">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Accounts payable and accrued
      liabilities</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(1,807</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(7,721</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="FONT-FAMILY: serif">Other</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">77</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(3,211</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net cash provided by (used in) operating
      activities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">10,319</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(1,501</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr>
            <td align="left" nowrap width="88%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Cash Flows From Investing
      Activities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Purchases of property and
      equipment</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(3,280</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(3,173</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Proceeds from sale of property and
      equipment</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">300</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Net cash used in investing activities</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(2,980</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(3,173</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr>
            <td align="left" nowrap width="88%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Cash Flows From Financing
      Activities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Proceeds from issuance of
stock</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">372</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">48</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Excess tax benefits from stock-based
      compensation</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">156</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">40</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Purchase of treasury stock</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(275</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net cash provided by financing
      activities</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">253</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">88</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Net increase (decrease) in cash and cash equivalents</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">7,592</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">(4,586</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Cash and cash equivalents at beginning
      of period</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">44,168</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">24,817</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Cash and Cash Equivalents at End of Period</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">51,760</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">20,231</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
          </tr><tr>
            <td align="left" nowrap width="88%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Supplemental disclosures of cash flow
      information:</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Cash paid during period for
      interest</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">60</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">42</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Cash paid during period for income
      taxes</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">957</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">15</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">Capital expenditures incurred but not yet
      paid</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">680</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,665</font></td>
            <td align="left" nowrap width="1%">
            </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">See notes to
condensed consolidated financial statements. </font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">6</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br><!--part b-->

    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.</font></font><font size="2" style="FONT-FAMILY: serif"><br></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Unaudited</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Note 1 - Basis of
Presentation</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">In our opinion, the
accompanying unaudited condensed consolidated financial statements contain all
normal recurring adjustments necessary to present fairly our financial position
and the results of our operations and our cash flows for the periods presented.
Certain information and disclosures normally included in the notes to
consolidated financial statements have been condensed or omitted according to
the rules and regulations of the Securities and Exchange Commission (the "SEC"),
although we believe that the disclosures are adequate to make the information
presented not misleading. The results of operations for the interim periods are
not necessarily indicative of the results to be expected for the full year. The
condensed consolidated financial statements should be read in conjunction with
the audited consolidated financial statements and the notes thereto contained in
our Annual Report on Form 10-K for the fiscal year ended January 30,
2010.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Note 2 - Net Income Per
Share</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The computation of
basic earnings per share of common stock is based on the weighted average number
of common shares outstanding during the period. The computation of diluted
earnings per share of common stock is based on the weighted average number of
shares outstanding plus the incremental shares that would be outstanding
assuming the exercise of dilutive stock options and the vesting of restricted
stock. The number of incremental shares is calculated by applying the treasury
stock method. The following table presents a reconciliation of our basic and
diluted weighted average common shares outstanding in accordance with current
authoritative guidance: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="84%">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="84%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom" bgcolor="white">
            <td nowrap width="84%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1, 2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
2009</font></td>
          </tr><tr valign="bottom" bgcolor="silver">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Basic shares</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">12,687</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">12,480</font></td>
          </tr><tr valign="bottom" bgcolor="white">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Dilutive effect of stock-based awards</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">187</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">40</font></td>
          </tr><tr valign="bottom" bgcolor="silver">
            <td align="left" nowrap width="84%"><font size="2" style="FONT-FAMILY: serif">Diluted shares</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,874</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">12,520</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">No options to
purchase shares of common stock were excluded from the calculation for the first
quarter of fiscal 2010. Options to purchase 417,100 shares of common stock were
not included in the computation of diluted shares for the first quarter of
fiscal 2009 because the options' exercise prices were greater than the average
market price for the period.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Note 3 &#8211; Recently Issued Accounting
Pronouncements </font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">During January 2010,
the Financial Accounting Standards Board ("FASB") issued guidance which provides
amendments that require separate disclosure of significant transfers in and out
of Level 1 and Level 2 fair value measurements and the presentation of separate
information regarding purchases, sales, issuances and settlements for Level 3
fair value measurements. Additionally, the guidance provides amendments that
clarify existing disclosures about the level of disaggregation and inputs and
valuation techniques. The guidance is effective for financial statements issued
for interim and annual periods ending after December 15, 2009, except for the
disclosures about purchases, sales, issuances and settlements in the rollforward
of activity in Level 3 fair value measurements, which are effective for interim
and annual periods ending after December 15, 2010. We adopted the guidance on
January 31, 2010. This adoption did not have a material impact on our
consolidated financial position, results of operations, or cash
flows.</font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">7</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Note 4 - Fair Value Measurements
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The FASB has
established guidance for using fair value to measure assets and liabilities.
This guidance only applies when other standards require or permit the fair value
measurement of assets and liabilities. It does not expand the use of fair value
measurements. A fair value hierarchy was established, which prioritizes the
inputs used in measuring fair value into three broad levels.</font></div>
    <ul style="FONT-SIZE: 10pt; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
      <li><font size="2" style="FONT-FAMILY: serif">Level 1 &#8211; Quoted prices in active
  markets that are unadjusted and accessible at the measurement date for
  identical, unrestricted assets or liabilities;<br>&#160;</font>
        </li>
      <li><font size="2" style="FONT-FAMILY: serif">Level 2 &#8211; Quoted prices for
  identical assets and liabilities in markets that are not active, quoted prices
  for similar assets and liabilities in active markets or financial instruments
  for which significant inputs are observable, either directly or indirectly;
  and<br>&#160;</font>
        </li>
      <li><font size="2" style="FONT-FAMILY: serif">Level 3 &#8211; Prices or valuations
  that require inputs that are both significant to the fair value measurement
  and unobservable.</font> </li>
    </ul>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our financial assets
as of May 1, 2010, January 30, 2010, and May 2, 2009 included cash and cash
equivalents, which are valued using the market approach. The carrying value of
cash and cash equivalents approximates fair value due to its short-term nature
and is considered a Level 1 fair value measurement. We did not have any
financial liabilities measured at fair value for these periods.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes our cash and cash equivalents that are measured at fair value on a
recurring basis: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Quoted Prices</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Significant</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">in Active Markets</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Other</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Significant</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">for</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Observable</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Unobservable</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Identical Assets</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Inputs</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Inputs</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      1)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      2)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      3)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Total Fair
      Value</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">As of May 1, 2010</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">Cash and short-term investments <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">45,667</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">45,667</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Credit and debit card receivables <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">6,093</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">6,093</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">51,760</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">51,760</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" style="BORDER-BOTTOM: 4px">&#160; </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">As of January 30, 2010</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">Cash and short-term investments <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">40,148</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">40,148</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Credit and debit card receivables <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,020</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,020</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">44,168</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">44,168</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="BORDER-BOTTOM: 4px; TEXT-ALIGN: left">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px">&#160;</td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: 4px"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">As of May 2, 2009</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">Cash <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">14,680</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">14,680</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Credit and debit card receivables <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">5,551</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">5,551</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">20,231</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">20,231</font></td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td nowrap valign="top"><font size="1" style="FONT-FAMILY: serif">(1)</font></td>
            <td nowrap valign="top">
            </td>
            <td align="left" width="100%">
              <div align="justify"><font size="1" style="FONT-FAMILY: serif">Cash and
      short-term investments represent cash deposits and short-term investments
      held with financial institutions. Short-term investments consist of
      commercial paper and money market funds. To date, we have experienced no
      loss or lack of access to either invested cash or cash held in our bank
      accounts.</font></div>
            </td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td width="100%">
            </td>
          </tr><tr>
            <td nowrap valign="top"><font size="1" style="FONT-FAMILY: serif">(2)</font></td>
            <td nowrap valign="top">
            </td>
            <td align="left" width="100%">
              <div align="justify"><font size="1" style="FONT-FAMILY: serif">Our credit and
      debit card receivables are highly liquid financial assets that typically
      settle in less than three days.</font></div>
            </td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">8</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes our long-lived assets on which impairment charges were recorded:
</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="80%">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Quoted Prices</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Significant</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">in Active Markets</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Other</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Significant</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">for</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Observable</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Unobservable</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Identical Assets</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Inputs</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Inputs</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="80%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      1)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      2)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Level
      3)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Total Fair
      Value</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="80%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">For the period ended May 1,
    2010</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom" bgcolor="silver">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Long-lived assets held
      and used</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,086</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">1,086</font></td>
          </tr><tr valign="bottom" bgcolor="white">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">For the period ended January 30, 2010</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom" bgcolor="white">
            <td align="left" nowrap width="80%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Long-lived assets
      held and used</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">90</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">90</font> </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our non-financial
assets as of May 1, 2010 and January 30, 2010 included certain long-lived assets
that have been measured at fair value after taking into account impairment
charges. Long-lived assets are reviewed for impairment in accordance with
current authoritative literature whenever events or changes in circumstances
indicate that full recoverability is questionable. If the expected future cash
flows related to the long-lived assets are less than the assets&#8217; carrying value,
an impairment loss would be recognized for the difference between estimated fair
value and carrying value. Assets subject to impairment are adjusted to estimated
fair value and, if applicable, an impairment loss is recorded in selling,
general and administrative expenses. As of May 1, 2010, long-lived assets held
and used with a gross carrying amount of $7.2 million were written down to their
fair value of $6.1 million, resulting in an impairment charge of $1.1 million,
which was included in earnings for the period. Subsequent to this impairment,
these long-lived assets had a remaining unamortized basis of $375,000. As of
January 30, 2010, long-lived assets held and used with a carrying amount of $1.4
million were written down to their fair value of $1.3 million, resulting in an
impairment charge of $90,000, which was included in earnings for the period.
Subsequent to this impairment, these long-lived assets had a remaining
unamortized basis of $11,000. We did not have any non-financial liabilities
measured at fair value for these periods.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Note 5 - Stock-Based Compensation
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="2" style="FONT-FAMILY: serif">Stock Options</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes the stock option transactions pursuant to the stock-based
compensation plans: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="78%">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted-</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="78%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="78%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted-</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Remaining</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Aggregate</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="78%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="8%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number of</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Contractual</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Intrinsic Value</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="78%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Shares</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercise
      Price</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Term (Years)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(in
      thousands)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Outstanding at January 30,
2010</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">393,632</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">14.29</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Grants</font></td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Forfeited or
      expired</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(500</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">17.12</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exercised</font></td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">(22,500</font> </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">13.92</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Outstanding May 1,
      2010</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">370,632</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">14.31</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">3.02</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,947</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%"><font size="2" style="FONT-FAMILY: serif">Options outstanding at May 1, 2010,</font></td>
            <td align="left" nowrap width="7%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;net of estimated
      forfeitures</font></td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">369,687</font> </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">14.32</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">3.01</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,933</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="78%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Exercisable at May 1, 2010</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">352,297</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">14.40</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">2.77</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4,671</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The total fair value
at grant date of previously non-vested stock options that vested during the
thirteen week periods ended May 1, 2010 and May 2, 2009 were $81,000 and
$32,000, respectively. No stock options were granted during the first quarter of
fiscal 2010 or fiscal 2009.</font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">9</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding options exercised:</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="91%">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="91%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="91%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Total intrinsic value <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">198</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="91%"><font size="2" style="FONT-FAMILY: serif">Total cash received</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">313</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Associated excess income tax
      benefits</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="91%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;recorded</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">67</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0</font> </td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td nowrap valign="top"><font style="FONT-FAMILY: serif">(1)</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td align="left" width="100%">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Defined as the
      difference between the market value at exercise and the grant price of
      stock options exercised.</font></div>
            </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding outstanding and exercisable options at May 1,
2010: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="1%">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="9%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="6" nowrap width="49%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Options
      Outstanding</font></td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="4" nowrap width="31%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Options
      Exercisable</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="9%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="10%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="9%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="14%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted</font></td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="10%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="13%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted</font></td>
          </tr><tr valign="bottom">
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Range of</font></td>
            <td nowrap width="9%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="10%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Options</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="9%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="14%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="10%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Options</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="13%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
          </tr><tr valign="bottom">
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercise
      Price</font></td>
            <td nowrap width="9%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="10%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Outstanding</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="9%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Remaining
Life</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="14%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercise
      Price</font></td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="10%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercisable</font></td>
            <td nowrap width="8%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="13%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercise
      Price</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">4.38 &#8211; 5.75</font></td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">11,017</font></td>
            <td align="right" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0.52</font></td>
            <td align="left" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">4.66</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">11,017</font></td>
            <td align="left" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">4.66</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">8.94 &#8211; 12.67</font></td>
            <td align="right" nowrap width="9%">
            </td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">177,945</font></td>
            <td align="right" nowrap width="8%">
            </td>
            <td align="right" nowrap width="9%"><font size="2" style="FONT-FAMILY: serif">3.59</font></td>
            <td align="left" nowrap width="8%">
            </td>
            <td align="left" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">12.43</font></td>
            <td align="right" nowrap width="7%">
            </td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">166,277</font></td>
            <td align="left" nowrap width="8%">
            </td>
            <td align="left" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="9%"><font size="2" style="FONT-FAMILY: serif">12.49</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">13.68 &#8211; 16.30</font></td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">34,550</font></td>
            <td align="right" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">5.62</font></td>
            <td align="left" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">15.13</font></td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="10%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">27,883</font></td>
            <td align="left" nowrap width="8%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="9%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">15.28</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">17.12</font></td>
            <td align="right" nowrap width="9%">
            </td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">147,120</font></td>
            <td align="right" nowrap width="8%">
            </td>
            <td align="right" nowrap width="9%"><font size="2" style="FONT-FAMILY: serif">1.92</font></td>
            <td align="left" nowrap width="8%">
            </td>
            <td align="left" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">17.12</font></td>
            <td align="right" nowrap width="7%">
            </td>
            <td align="right" nowrap width="10%"><font size="2" style="FONT-FAMILY: serif">147,120</font></td>
            <td align="left" nowrap width="8%">
            </td>
            <td align="left" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="9%"><font size="2" style="FONT-FAMILY: serif">17.12</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding stock-based compensation expense recognized for
non-vested options: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="90%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="90%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="90%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="90%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation expense before
      the recognized income tax</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="3%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="90%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;benefit</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">22</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">21</font> </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="90%"><font size="2" style="FONT-FAMILY: serif">Income tax benefit</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">8</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">8</font> </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">As of May 1, 2010,
there was approximately $67,000 of unrecognized compensation expense, net of
estimated forfeitures, remaining related to non-vested stock options. This
expense is expected to be recognized over a weighted-average period of
approximately 1.1 years. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="2" style="FONT-FAMILY: serif">Restricted Stock Awards</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes the share transactions for restricted stock awards: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="86%">
            </td>
            <td nowrap width="6%">
            </td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted-</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="86%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average Grant</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="86%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number of</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Date Fair</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="86%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Shares</font>
    </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Value</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="86%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Non-vested at January 30, 2010</font></td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">366,334</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">16.89</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="86%"><font size="2" style="FONT-FAMILY: serif">Granted</font></td>
            <td align="right" nowrap width="6%"><font size="2" style="FONT-FAMILY: serif">130,000</font> </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">21.59</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="86%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Vested</font></td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(37,889</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">12.50</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="86%"><font size="2" style="FONT-FAMILY: serif">Forfeited</font></td>
            <td align="right" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="86%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Non-vested at May 1, 2010</font></td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">458,445</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">18.59</font></td>
          </tr></table>
    </div><br>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">10</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The total fair value
at grant date of previously non-vested stock awards that vested during the first
quarter of fiscal 2010 was $473,000. No previously non-vested stock awards
vested during the first quarter of fiscal 2009. The weighted-average grant date
fair value of stock awards granted during the quarter ended May 1, 2010 was
$21.59. No stock awards were granted during the first quarter of fiscal 2009.
</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding stock-based compensation expense (income)
recognized for restricted stock awards: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="85%">
            </td>
            <td nowrap width="1%">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="85%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="85%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="3" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="85%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation expense
      (income) before the recognized</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="85%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;income tax
    benefit</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;1,074</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(362</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="85%"><font size="2" style="FONT-FAMILY: serif">Income tax benefit (expense)</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">409</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;(133</font></td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">)</font> </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The $362,000 of
income recorded during the first quarter of fiscal 2009 was comprised of
compensation expense of $291,000 offset by income of $653,000. The income was
attributable to the reversal of the cumulative prior period expense for
performance-based awards which had been deemed by management as not probable of
vesting. However, based on our improved financial outlook, a cumulative catch-up
of $279,000 was recorded during the first quarter of fiscal 2010 for a portion
of these awards now deemed probable of vesting. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">As of May 1, 2010,
there was approximately $4.8 million of unrecognized compensation expense
remaining related to both our performance-based and service-based non-vested
stock awards. The cost is expected to be recognized over a weighted average
period of approximately 1.2 years. This incorporates the current assumptions of
the estimated requisite service period required to achieve the designated
performance conditions for performance-based stock awards. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="2" style="FONT-FAMILY: serif">Cash-Settled Stock Appreciation Rights
(SARs)</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Cash-settled stock
appreciation rights (SARs) were granted to certain non-executive employees in
fiscal 2008 such that one-third of the shares underlying the SARs granted would
vest and become fully exercisable on each of the first three anniversaries of
the date of the grant and were assigned a five-year term from the date of grant.
Each SAR entitles the holder, upon exercise, to receive cash in the amount equal
to the closing price of our stock on the date of exercise less the exercise
price. The maximum amount paid, however, cannot exceed 100% of the exercise
price. In accordance with current authoritative guidance, cash-settled SARs are
classified as Other liabilities on the Condensed Consolidated Balance Sheets.
</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes the SARs activity: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted-</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weighted-</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Remaining</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number of</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Contractual</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="82%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Shares</font>
    </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exercise
      Price</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Term
  (Years)</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Outstanding at January 30,
2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">103,364</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">9.72</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Granted</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="6%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="4%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Forfeited or
      expired</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">(1,334</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">)</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">9.72</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exercised</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="right" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Outstanding at May 1, 2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">102,030</font> </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">9.72</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">3.63</font></td>
          </tr><tr>
            <td align="left" nowrap width="82%">&#160;</td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="6%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="82%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Exercisable at May 1, 2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">0.00</font></td>
          </tr></table>
    </div><br>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">11</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The fair value of
these liability awards is remeasured at each reporting period until the date of
settlement. Increases or decreases in stock-based compensation expense are
recognized over the vesting period, or immediately for vested awards. The
weighted-average fair value of outstanding, non-vested SAR awards was $7.92 as
of May 1, 2010.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The fair value was
estimated using a trinomial lattice model with the following assumptions:
</font></div>
    <div>&#160;</div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="80%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="95%">
            </td>
            <td align="left" nowrap width="1%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
2010</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Risk free interest rate yield
      curve</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0.14% - 2.43%</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%"><font size="2" style="FONT-FAMILY: serif">Expected dividend yield</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">0.0%</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Expected volatility</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">60.11</font>%</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%"><font size="2" style="FONT-FAMILY: serif">Maximum life</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">3.63 Years</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Exercise multiple</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">1.71 &#8211; 1.74</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%"><font size="2" style="FONT-FAMILY: serif">Maximum payout</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">$9.72</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="95%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Employee exit rate</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">2.2% -
9.0%</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The risk free
interest rate was based on the U.S. Treasury yield curve in effect at the end of
the reporting period. We had not paid and did not anticipate paying cash
dividends; therefore, the expected dividend yield was assumed to be zero.
Expected volatility was based on the historical volatility of our stock. The
exercise multiple and employee exit rate are based on historical option data.
</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding stock-based compensation expense recognized for
SARs: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation expense before
      the recognized</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom" bgcolor="silver">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Income tax
    benefit</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">179</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$&#160;&#160;&#160;&#160;&#160;</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">103</font></td>
          </tr><tr valign="bottom" bgcolor="white">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Income tax benefit</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">68</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">38</font> </td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">As of May 1, 2010,
there was approximately $350,000 in unrecognized compensation expense related to
non-vested SARs. The cost is expected to be recognized over a weighted-average
period of approximately 1.1 years. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="2" style="FONT-FAMILY: serif">Employee Stock Purchase
Plan</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
summarizes information regarding stock-based compensation expense recognized for
the employee stock purchase plan: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="88%">
            </td>
            <td nowrap width="1%">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">(In thousands)</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td colspan="2" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Stock-based compensation expense before
      the recognized income tax</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="4%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160;&#160;benefit <font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">10</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">8</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Income tax benefit</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">4</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%"><font size="2" style="FONT-FAMILY: serif">$</font></td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">3</font> </td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; ">
<tr>
            <td nowrap valign="top"><font size="1" style="FONT-FAMILY: serif">(1)</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
            <td width="100%"><font size="1" style="FONT-FAMILY: serif">Amounts are
      representative of the 15% discount employees are provided for purchases
      under the employee stock purchase plan.</font></td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">12</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br><!--part c-->

    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap valign="top" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2">ITEM
      2.</font></font></td>
            <td align="left" nowrap valign="top" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2">&#160;&#160;&#160;&#160;&#160; </font></font></td>
            <td align="left" nowrap valign="top" width="98%"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">MANAGEMENT'S DISCUSSION AND ANALYSIS OF
      FINANCIAL CONDITION AND RESULTS OF
OPERATIONS</font></font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Factors That May Effect Future
Results</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">This quarterly report
on Form 10-Q contains forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, that involve a number of risks
and uncertainties. A number of factors could cause our actual results,
performance, achievements or industry results to be materially different from
any future results, performance or achievements expressed or implied by these
forward-looking statements. These factors include, but are not limited to:
general economic conditions in the areas of the United States in which our
stores are located; the effects and duration of the current economic downturn
and unemployment rates; changes in the overall retail environment and more
specifically in the apparel and footwear retail sectors; our ability to generate
increased sales at our stores; the potential impact of national and
international security concerns on the retail environment; changes in our
relationships with key suppliers; the impact of competition and pricing; changes
in weather patterns, consumer buying trends and our ability to identify and
respond to emerging fashion trends; the impact of disruptions in our
distribution or information technology operations; the effectiveness of our
inventory management; the impact of hurricanes or other natural disasters on our
stores, as well as on consumer confidence and purchasing in general; risks
associated with the seasonality of the retail industry; our ability to
successfully execute our growth strategy, including the availability of
desirable store locations at acceptable lease terms, our ability to open new
stores in a timely and profitable manner and the availability of sufficient
funds to implement our growth plans; higher than anticipated costs associated
with the closing of underperforming stores; the inability of manufacturers to
deliver products in a timely manner; changes in the political and economic
environments in the People&#8217;s Republic of China, Brazil, Spain and East Asia,
where the primary manufacturers of footwear are located; the impact of
regulatory changes in the United States and the countries where our
manufacturers are located; and the continued favorable trade relations between
the United States and China and the other countries which are the major
manufacturers of footwear. For a more detailed discussion of certain risk
factors see the "Risk Factors" section of our Annual Report on Form 10-K for the
fiscal year ended January 30, 2010. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">General </font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Management&#8217;s
Discussion and Analysis of Financial Condition and Results of Operations is
intended to provide information to assist the reader in better understanding and
evaluating our financial condition and results of operations. We encourage you
to read this in conjunction with our condensed consolidated financial statements
and the notes to those statements included in PART I, ITEM 1. FINANCIAL
STATEMENTS of this Quarterly Report on Form 10-Q, as well as our Annual Report
on Form 10-K for the fiscal year ended January 30, 2010 as filed with the SEC.
</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Overview of Our Business</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Shoe Carnival, Inc.
is one of the nation&#8217;s largest family footwear retailers. As of May 1, 2010, we
operated 311 stores in 30 states primarily in the Midwest, South and Southeast
regions of the United States. We offer a distinctive shopping experience, a
broad merchandise assortment and value to our customers while maintaining an
efficient store level cost structure.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our stores combine
competitive pricing with a highly promotional, in-store marketing effort that
encourages customer participation and creates a fun and exciting shopping
experience. We believe this highly promotional atmosphere results in various
competitive advantages, including increased multiple unit sales; the building of
a loyal, repeat customer base; the creation of word-of-mouth advertising; and
enhanced sell through of in-season goods. Our objective is to be the destination
store-of-choice for a wide range of consumers seeking moderately priced, current
season name brand and private label footwear. Our product assortment includes
dress and casual shoes, sandals, boots and a wide assortment of athletic shoes
for the entire family. We believe that by offering a wide selection of both
athletic and non-athletic footwear, we are able to reduce our exposure to shifts
in fashion preferences between those categories.</font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">13</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br><a name="page_2"><!--EFPlaceholder-->
</a>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our marketing effort
targets moderate income, value-conscious consumers seeking name brand footwear
for all age groups. We believe that by offering a wide selection of popular
styles of name brand merchandise at competitive prices, we generate broad
customer appeal. Our cost-efficient store operations and real estate strategy
enable us to price products competitively. Low labor costs are achieved by
housing merchandise directly on the selling floor in an open-stock format,
enabling customers to serve themselves, if they choose. This reduces the
staffing required to assist customers and reduces store level labor costs as a
percentage of sales. We locate stores predominantly in strip shopping centers in
order to take advantage of lower occupancy costs and maximize our exposure to
value-oriented shoppers. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Critical Accounting Policies
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">It is necessary for
us to include certain judgments in our reported financial results. These
judgments involve estimates that are inherently uncertain and actual results
could differ materially from these estimates. The accounting policies that
require the more significant judgments are: </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Merchandise Inventories</font></font><font size="2" style="FONT-FAMILY: serif"> - Merchandise inventories are stated at the
lower of cost or market using the first-in, first-out (FIFO) method. In
determining market value, we estimate the future sales price of items of
merchandise contained in the inventory as of the balance sheet date. Factors
considered in this determination include, among others, current and recently
recorded sales prices, the length of time product has been held in inventory and
quantities of various product styles contained in inventory. The ultimate amount
realized from the sale of certain product could differ materially from our
estimates. We also estimate a shrinkage reserve for the period between the last
physical count and the balance sheet date. The estimate for the shrinkage
reserve can be affected by changes in merchandise mix and changes in actual
shrinkage trends. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Valuation of Long-Lived
Assets</font></font><font size="2" style="FONT-FAMILY: serif"> - We review
long-lived assets whenever events or circumstances indicate the carrying value
of an asset may not be recoverable. We evaluate the ongoing value of assets
associated with each retail store that has been open longer than one year. If
the expected future cash flows related to the long-lived assets are less than
the assets&#8217; carrying value, an impairment loss would be recognized for the
difference between estimated fair value and carrying value. Assets subject to
impairment are adjusted to estimated fair value and, if applicable, an
impairment loss is recorded in selling, general and administrative expenses. Our
assumptions and estimates used in the evaluation of impairment, including
current and future economic trends for stores, are subject to a high degree of
judgment and if actual results or market conditions differ from those
anticipated, additional losses may be recorded. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Income Taxes</font></font><font size="2" style="FONT-FAMILY: serif"> - We calculate income taxes and account for
uncertain tax positions in accordance with current authoritative guidance.
Deferred tax assets and liabilities are recognized based on the difference
between the consolidated financial statement carrying amounts of existing assets
and liabilities and their respective tax basis. Deferred tax assets and
liabilities are measured using the estimated tax rates in effect in the years
when those temporary differences are expected to reverse. We are also required
to make many subjective assumptions and judgments regarding our income tax
exposures. Interpretations of and guidance surrounding income tax laws and
regulations are often complex, ambiguous and change over time. As such, changes
in our subjective assumptions and judgments can materially affect amounts
recognized in the consolidated financial statements. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Insurance Reserves</font></font><font size="2" style="FONT-FAMILY: serif"> - We use a combination of self-insurance and
third-party insurance for workers' compensation, employee medical and general
liability insurance. These plans have stop-loss provisions that protect us from
individual and aggregate losses over specified dollar values. When estimating
our self-insured liabilities, we consider a number of factors, including
historical claims experience, severity factors, statistical trends and, in
certain instances, valuation assistance provided by independent third-parties.
We will continue to evaluate our self-insured liabilities and the underlying
assumptions on a quarterly basis and make adjustments as needed. The ultimate
cost of these claims may be greater than or less than the established accruals.
While we believe that the recorded amounts are adequate, there can be no
assurance that changes to management's estimates will not occur due to
limitations inherent in the estimating process. In the event we determine an
accrual should be increased or reduced, we will record such adjustments in the
period in which such determination is made. </font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">14</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br><a name="page_3"><!--EFPlaceholder-->
</a>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Results of Operations Summary
Information</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="67%">
            </td>
            <td colspan="9" nowrap width="15%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Number of
      Stores</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="3" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Store Square
      Footage</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="2%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom">
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="67%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Beginning</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="2%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="2%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">End of</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Net</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">End</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Comparable</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Quarter Ended</font></td>
            <td nowrap width="67%" style="TEXT-ALIGN: center">&#160;</td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Of Period</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td colspan="3" nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">Opened</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="2%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Closed</font></td>
            <td nowrap width="2%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Period</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Change</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Period</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td colspan="2" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Store
      Sales</font></td>
          </tr><tr valign="bottom">
            <td align="left" colspan="2" nowrap width="68%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">May </font><font size="2" style="FONT-FAMILY: serif">1, </font><font size="2" style="FONT-FAMILY: serif">2010</font></td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">311</font></td>
            <td nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap width="1%" bgcolor="#c0c0c0">&#160;&#160;&#160; </td>
            <td nowrap width="1%" bgcolor="#c0c0c0" style="TEXT-ALIGN: right"><font size="2" style="FONT-FAMILY: serif">&#160;3</font></td>
            <td nowrap width="1%" bgcolor="#c0c0c0">&#160;&#160;&#160; </td>
            <td nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td nowrap width="2%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">3</font></td>
            <td nowrap width="2%" bgcolor="#c0c0c0">&#160;</td>
            <td nowrap width="3%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">311</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">2,000</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3,374,000</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">13.1</font></td>
            <td align="left" nowrap width="2%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">%</font></td>
          </tr><tr valign="bottom">
            <td align="left" colspan="2" nowrap width="68%"><font size="2" style="FONT-FAMILY: serif">&#160;</font> </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="1%">&#160;</td>
            <td nowrap width="1%">&#160;</td>
            <td nowrap width="1%" style="TEXT-ALIGN: right"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="1%">&#160;</td>
            <td nowrap width="1%">&#160;</td>
            <td nowrap width="2%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td nowrap width="2%">&#160;</td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" nowrap width="2%"><font size="2" style="FONT-FAMILY: serif">&#160;</font></td>
          </tr><tr valign="bottom" bgcolor="silver">
            <td align="left" colspan="2" nowrap width="68%"><font size="2" style="FONT-FAMILY: serif">May </font><font size="2" style="FONT-FAMILY: serif">2, </font><font size="2" style="FONT-FAMILY: serif">2009</font></td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">304</font></td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: right"><font size="2" style="FONT-FAMILY: serif">10</font></td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="1%">
            </td>
            <td nowrap width="2%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">1</font></td>
            <td nowrap width="2%">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">313</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">78,000</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%"><font size="2" style="FONT-FAMILY: serif">3,413,000</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">(0.3</font></td>
            <td align="left" nowrap width="2%"><font size="2" style="FONT-FAMILY: serif">)%</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Comparable store
sales for the periods indicated include stores that have been open for 13 full
months prior to the beginning of the period, including those stores that have
been relocated or remodeled. Therefore, stores opened or closed during the
periods indicated are not included in comparable store sales. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The following table
sets forth our results of operations expressed as a percentage of net sales for
the periods indicated: </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="88%">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Thirteen</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Weeks Ended</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="88%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 1,
      2010</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;
    </td>
            <td colspan="2" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">May 2,
      2009</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net sales</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">100.0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">%</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">100.0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">%</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Cost of sales (including buying,</font></td>
            <td align="left" nowrap width="5%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="4%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">&#160;&#160;&#160;&#160;&#160;&#160; distribution and occupancy
      costs)</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">68.7</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">72.1</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Gross profit</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">31.3</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">27.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Selling, general and</font></td>
            <td align="left" nowrap width="5%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="4%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160; <font style="FONT-FAMILY: serif">administrative expenses</font></font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">23.4</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">24.0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Operating income</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">7.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Interest (income) expense, net</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0.0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0.0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Income before income taxes</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">7.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%"><font size="2" style="FONT-FAMILY: serif">Income tax expense</font></td>
            <td align="right" nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">3.0</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="right" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">1.4</font></td>
            <td align="left" nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="88%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">Net income</font></td>
            <td align="right" nowrap width="5%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">4.9</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">%</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="4%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">2.5</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1.5pt solid"><font size="2" style="FONT-FAMILY: serif">%</font></td>
          </tr></table>
    </div><br>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Executive Summary for First Quarter Ended May
1, 2010</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">During the first
quarter of fiscal 2010, earnings per diluted share increased 118% to an all-time
Company record of $0.72. For the first quarter of fiscal 2009, we reported
earnings of $0.33 per diluted share. This increase in earnings per share
resulted from a combination of top-line sales growth, gross profit margin
improvement and our continued control of operating expenses.</font></div>
    <ul style="MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
      <li><font size="2">Net sales increased $22.2 million to $189.5 million, a 13.3%
  increase over the prior year.<br>&#160; </font>
        </li>
      <li><font size="2">During the first quarter of fiscal 2010, our comparable store
  sales increased 13.1%, which represents the highest quarterly comparable store
  sales growth achieved in the history of Shoe Carnival. Our sales gains were
  largely driven by an increase in the number of footwear units sold as the
  consumer responded favorably to our assortment of footwear. We also raised our
  average price through an increase in the sale of higher priced footwear and by
  operating in a less promotional selling environment than during the comparable
  prior year period.<br>&#160; </font>
        </li>
      <li><font size="2">Our gross profit margin increased to 31.3% from 27.9% in the
  first quarter of fiscal 2009. Significantly reduced promotional activity
  combined with strong sales of athletic and toning footwear as compared to the
  prior year resulted in our merchandise margin increasing 2.2%. Buying,
  distribution and occupancy costs decreased 1.2%, as a percentage of sales, due
  to the leveraging effect of higher sales.<br>&#160;</font>
        </li>
      <li><font size="2">Selling, general and administrative expenditures remained
  well controlled and decreased 0.6% as a percentage of sales as compared to the
  first quarter of fiscal 2009.<br>&#160; </font>
        </li>
      <li><font size="2">We generated $7.0 million of cash from operating activities
  (net of purchases of property and equipment) and ended the first quarter of
  fiscal 2010 with $51.8 million in cash and cash equivalents and no interest
  bearing debt.</font> </li>
    </ul>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">15</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
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    </div><br>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Results of Operations for the First Quarter
Ended May 1, 2010 </font></font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Net Sales</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Net sales increased
$22.2 million to $189.5 million during the first quarter of fiscal 2010, a 13.3%
increase over the prior year's net sales of $167.3 million. Comparable store
sales increased a record 13.1%, or approximately $21.0 million, compared to the
prior year period. The three stores opened in the first quarter of fiscal 2010
along with the effect of a full quarter's worth of sales from the 16 stores
opened in fiscal 2009 contributed an additional $4.9 million in sales. These
sales increases were partially offset by the $3.7 million of sales lost from the
stores which were closed since the beginning of fiscal 2009.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Gross Profit</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Gross profit
increased $12.7 million to $59.3 million in the first quarter of fiscal 2010
from gross profit of $46.6 million in the comparable prior year period. The
gross profit margin for the first quarter of 2010 increased to 31.3% from 27.9%
in the first quarter of fiscal 2009. During the first quarter of fiscal 2009,
our merchandise margin was negatively impacted by our need to aggressively
liquidate certain women's footwear. Inventories were well-controlled during the
first quarter of fiscal 2010 and with strong fashion trends we raised the
merchandise margin 2.2% as compared to the prior year period. Buying,
distribution and occupancy costs decreased 1.2%, as a percentage of sales,
primarily due to the leveraging effect of higher sales.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Selling, General and Administrative
Expenses</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Selling, general and
administrative expenses increased $4.2 million in the first quarter of fiscal
2010 to $44.3 million; however, our sales gain enabled us to leverage these
costs by 0.6% as a percentage of sales. Expense associated with incentive
compensation increased $3.6 million during the first quarter of fiscal 2010, as
compared to the prior year period, due to our improved financial performance.
Also during the first quarter of fiscal 2010, we recorded a non-cash asset
impairment of $1.1 million related to certain underperforming stores. These
increases were partially offset by a $915,000 decrease in our self-insured
health care costs as compared to the first quarter of fiscal 2009 when we
experienced unusually high claim activity. The costs related to our self-insured
health care programs are subject to a certain degree of volatility and can vary
materially between reporting periods.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Pre-opening costs
included in selling, general and administrative expenses were $175,000, or 0.1%
of sales, for the first quarter of fiscal 2010 as compared to $481,000, or 0.3%
of sales, for the first quarter of fiscal 2009. We opened three stores in the
first quarter of fiscal 2010 as compared to ten stores in the first quarter of
fiscal 2009. Pre-opening costs, such as advertising, payroll and supplies,
incurred prior to the opening of a new store are charged to expense in the
period they are incurred. The total amount of pre-opening expense incurred will
vary on a store-by-store basis depending on the specific market and the
promotional activities involved. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The portion of store
closing costs and non-cash asset impairment charges included in selling, general
and administrative expenses for the first quarter of fiscal 2010 were $1.2
million, or 0.7% as a percentage of sales. In the first quarter of fiscal 2009,
we incurred $130,000, or 0.1% as a percentage of sales.</font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">16</font></div>
    <div>&#160;</div>
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    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Interest (Income) Expense, Net
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We recorded net
interest expense of $46,000 in the first quarter of fiscal 2010 as compared to
net interest expense of $39,000 in the first quarter of the prior
year.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="2" style="FONT-FAMILY: serif">Income Taxes</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">The effective income
tax rate for the first quarter of fiscal 2010 increased to 38.1% from 36.9% for
the same time period in fiscal 2009. The increase in tax rates between the two
periods was primarily due to the federal tax rate in the first quarter of fiscal
2009 falling below 35% as a result of lower projected income before income
taxes. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Liquidity and Capital
Resources</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our primary sources
of funds are cash flows from operations and borrowings under our revolving
credit facility. Our net cash provided by operating activities was $10.3 million
in the first quarter of fiscal 2010 as compared to cash used in operations of
$1.5 million in the first quarter of 2009. The change in operating cash flow,
when comparing the two periods of each year, was primarily driven by increased
earnings and the timing of payments for accounts payable and accrued
liabilities.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Working capital
increased to $189.1 million at May 1, 2010 from $154.9 million at May 2, 2009.
This $34.2 million increase resulted primarily from an increase in cash and cash
equivalents and inventories partially offset by an increase in accounts payable
and accrued and other liabilities. The current ratio at May 1, 2010 was 3.5 as
compared to 3.4 at May 2, 2009. We had no outstanding interest bearing debt as
of the end of either period.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We expended $3.3
million in cash during the first quarter of fiscal 2010 for the purchase of
property and equipment, of which $1.2 million was for new stores, remodeling and
store relocation activities. Additional capital expenditures of approximately
$10 million to $11 million are expected to be made over the remainder of fiscal
2010. Included in this range of expenditure, is an additional seven stores at a
projected cost of approximately $2.5 million and up to $4.6 million of store
remodeling and relocation costs. Additional lease incentives to be received from
landlords are expected to approximate $1.6 million. As part of our long-term
strategy to grow our store base and increase our distribution capabilities, we
are in the process of redesigning certain elements of the material handling
system in our distribution center. Accordingly, we anticipate expending $1.5
million on these elements during fiscal 2010 of which $550,000 was expended
through the end of the first quarter. The remaining capital expenditures are
expected to be incurred for various other store improvements, along with
continued investments in technology and normal asset replacement activities. The
actual amount of cash required for capital expenditures for store operations
depends in part on the number of new stores opened, the amount of lease
incentives, if any, received from landlords and the number of stores remodeled.
The opening of new stores will be dependent upon, among other things, the
availability of desirable locations, the negotiation of acceptable lease terms
and general economic and business conditions affecting consumer spending in
areas we target for expansion. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our current store
prototype uses between 8,000 and 12,000 square feet depending upon, among other
factors, the location of the store and the population base the store is expected
to service. Capital expenditures for a new store in fiscal 2010 are expected to
average approximately $347,000 with landlord incentives expected to average
approximately $96,400. The average inventory investment in a new store is
expected to range from $325,000 to $500,000 depending on the size and sales
expectation of the store and the timing of the new store opening. Pre-opening
expenses, such as advertising, salaries and supplies, are expected to average
approximately $92,000 per store in fiscal 2010. Pre-opening costs, such as
advertising, payroll and supplies, incurred prior to the opening of a new store
are charged to expense in the period they are incurred. The total amount of
pre-opening expense incurred will vary on a store-by-store basis depending on
the specific market and the promotional activities involved. </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We closed three
stores in the first quarter of fiscal 2010 and expect to close four stores
during the remainder of the fiscal year. We expect to incur an additional
$100,000 in store closing costs primarily in the fourth quarter of fiscal 2010.
We have identified an additional five stores for closure in fiscal 2011 and one
in fiscal 2012 for which minimal store closing costs will be incurred during the
remainder of fiscal 2010. The potential exists that further <font size="2" style="FONT-FAMILY: serif">negotiations with our landlords could reverse
our decision to close certain of these stores. We will continue to evaluate
underperforming stores, which may result in additional closings for current or
future periods. The timing and actual amount of expense recorded in closing a
store can vary significantly depending, in part, on the period in which
management commits to a closing plan, the remaining basis in the fixed assets to
be disposed of at closing and the amount of any lease
buyout.</font></font></div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">17</font></div>
    <div>&#160;</div>
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</a>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our unsecured credit
agreement provides for up to $50.0 million in cash advances and commercial and
standby letters of credit with borrowing limits based on eligible inventory. It
contains covenants which stipulate: (1) Total Shareholders' Equity, adjusted for
the effect of any share repurchases, will not fall below that of the prior
fiscal year-end; (2) the ratio of funded debt plus rent to EBITDA plus rent will
not exceed 2.5 to 1.0; and (3) cash dividends for a fiscal year will not exceed
30% of consolidated net income for the immediately preceding fiscal year. We
were in compliance with these covenants as of May 1, 2010. Should a default
condition be reported, the lenders may preclude additional borrowings and call
all loans and accrued interest at their discretion. As of May 1, 2010, there was
$6.0 million in letters of credit outstanding and $44.0 million available to us
for additional borrowings under the credit facility.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We anticipate that
our existing cash and cash flow from operations, supplemented by borrowings
under our revolving credit line, will be sufficient to fund our planned store
expansion along with other capital expenditures and other operating cash
requirements for at least the next 12 months. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Seasonality</font></font><font size="2" style="FONT-FAMILY: serif"> </font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our quarterly results
of operations have fluctuated and are expected to continue to fluctuate in the
future primarily as a result of seasonal variances and the timing of sales and
costs associated with opening new stores. Non-capital expenditures, such as
advertising and payroll, incurred prior to opening a new store are charged to
expense as incurred. Therefore, our results of operations may be adversely
affected in any quarter in which we incur pre-opening expenses related to the
opening of new stores.</font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We have three
distinct peak selling periods: Easter, back-to-school and Christmas.
</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">New Accounting Pronouncements
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Recent accounting
pronouncements applicable to our operations are contained in Note 3 &#8211; "Recently
Issued Accounting Pronouncements" contained in the Notes to Condensed
Consolidated Financial Statements included in PART I, ITEM 1. FINANCIAL
STATEMENTS of this Quarterly Report on Form 10-Q. </font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 3. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK </font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">We are exposed to
market risk in that the interest payable under our credit facility is based on
variable interest rates and therefore is affected by changes in market rates. We
do not use interest rate derivative instruments to manage exposure to changes in
market interest rates. We had no borrowings under our credit facility during the
first three months of fiscal 2010.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 4. CONTROLS AND PROCEDURES
</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Our Chief Executive
Officer and Chief Financial Officer have concluded, based on their evaluation as
of May 1, 2010, that our disclosure controls and procedures are effective to
ensure that information required to be disclosed by us in the reports filed or
submitted by us under the Securities Exchange Act of 1934, as amended, is
recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms, and include
controls and procedures designed to ensure that information required to be
disclosed by us in such reports is accumulated and communicated to our
management, including the Chief Executive Officer and Chief Financial Officer,
as appropriate to allow timely decisions regarding required disclosure.
</font></div>
    <div align="justify"><font size="2">&#160;</font></div>
    <div align="justify">
      <div align="justify"><font size="2" style="FONT-FAMILY: serif">There has been no
change in our internal control over financial reporting that occurred during the
quarter ended May 1, 2010 that has materially affected, or is reasonably likely
to materially affect, our internal control over financial reporting.
</font></div>
    </div>
    <div>&#160;</div>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">18</font></div>
    <div>&#160;</div>
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    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br>PART II - OTHER
INFORMATION</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 1A. RISK FACTORS</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">You should carefully
consider the risks and uncertainties we describe both in this Quarterly Report
on Form 10-Q and in the "Risk Factors" section of our Annual Report on Form 10-K
for the fiscal year ended January 30, 2010 before deciding to invest in, or
retain, shares of our common stock. These are not the only risks and
uncertainties that we face. Additional risks and uncertainties that we do not
currently know about, we currently believe are immaterial or we have not
predicted may also harm our business operations or adversely affect us. If any
of these risks or uncertainties actually occur, our business, financial
condition, results of operations or cash flows could be materially adversely
affected. There have been no material changes to the risk factors set forth in
our Annual Report on Form 10-K for the fiscal year ended January 30,
2010.</font></div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 2. UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Issuer Purchases of Equity
Securities</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Total Number</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Approximate</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Of Shares</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Dollar Value</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Purchased</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Shares</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">as Part</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">that May Yet</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Total Number</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Average</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Publicly</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Be Purchased</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">of Shares</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="4%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Price Paid</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="6%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Announced</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="2" nowrap width="7%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Under</font></td>
          </tr><tr valign="bottom">
            <td nowrap width="71%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left"><font size="2" style="FONT-FAMILY: serif">Period</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Purchased<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="2" nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">per
      Share</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Programs</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="2" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Programs</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="71%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">January 31, 2010 to February 27,
      2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0.0</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2">$</font></td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="71%"><font size="2" style="FONT-FAMILY: serif">February 28, 2010 to April 3, 2010</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">11,918</font></td>
            <td align="right" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="1%"><font size="2">$</font></td>
            <td align="right" nowrap width="3%"><font size="2" style="FONT-FAMILY: serif">23.08</font></td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="6%"><font size="2">0</font></td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="1%"><font size="2">$</font></td>
            <td align="right" nowrap width="6%"><font size="2" style="FONT-FAMILY: serif">0</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="71%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">April 4, 2010 to May 1, 2010</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="7%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">0</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2">$</font></td>
            <td align="right" nowrap width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0.0</font></td>
            <td align="right" nowrap width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">0</font></td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" nowrap width="1%" bgcolor="#c0c0c0"><font size="2">$</font></td>
            <td align="right" nowrap width="6%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">0</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="71%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="7%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2" style="FONT-FAMILY: serif">11,918</font></td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="3%">
            </td>
            <td align="right" nowrap width="1%">
            </td>
            <td align="right" nowrap width="6%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">0</font></td>
            <td align="left" nowrap width="1%">&#160;</td>
            <td align="left" nowrap width="1%">
            </td>
            <td align="left" nowrap width="6%">
            </td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="">
<tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">1</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td valign="top" width="100%" style="TEXT-ALIGN: justify"><font size="2" style="FONT-FAMILY: serif">Delivered to or withheld by us in
      connection with employee payroll tax withholding upon the vesting of
      certain restricted stock awards.</font></td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">ITEM 6. EXHIBITS</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="">
<tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="72%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="5" nowrap width="16%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Incorporated
      by Reference To</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exhibit</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="72%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Filing</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Filed</font></td>
          </tr><tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">No.</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="72%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Description</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Form</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exhibit</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Date</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Herewith</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3-A</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0"><font style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Restated
      Articles of Incorporation of Registrant</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="4%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">10-K</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">3-A</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">4/25/2002</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
          </tr><tr>
            <td align="left" colspan="11" valign="top" width="99%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">3-B</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0"><font style="FONT-FAMILY: serif">&#160;</font></td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">By-laws of
      Registrant, as amended to date</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="4%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">8-K</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">3-B</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">6/12/2009</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
          </tr><tr>
            <td align="left" colspan="11" valign="top" width="99%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">4</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Credit
      Agreement, dated as of January 20, 2010, among Shoe Carnival, Inc., the
      financial institutions from time to time party thereto as Banks, and
      Wachovia Bank, National Association, as Agent</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="4%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">8-K</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">4.1</font></td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">1/25/2010</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
          </tr><tr>
            <td align="left" colspan="11" valign="top" width="99%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">31.1</font></td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160;</td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Certification
      of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the
      Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">X</font></td>
          </tr></table>
    </div><br>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">19</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">EXHIBITS - Continued</font></font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="">
<tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="72%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td colspan="5" nowrap width="16%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Incorporated
      by Reference To</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center">
            </td>
          </tr><tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exhibit</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="72%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="4%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Filing</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">
            </td>
            <td nowrap width="5%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Filed</font></td>
          </tr><tr valign="bottom" style="LINE-HEIGHT: 14pt;">
            <td nowrap width="3%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">No.</font></td>
            <td nowrap width="1%" style="TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="72%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Description</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="4%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Form</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Exhibit</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Date</font></td>
            <td nowrap width="1%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&#160;&#160;&#160;&#160;&#160; </td>
            <td nowrap width="5%" style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">Herewith</font></td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">31.2</font></td>
            <td align="left" valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Certification
      of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the
      Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">X</font></td>
          </tr><tr>
            <td colspan="11" valign="top" width="99%">&#160;&#160; </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">32.1</font></td>
            <td align="left" valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Certification
      of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted
      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">X</font></td>
          </tr><tr>
            <td colspan="11" valign="top" width="99%">&#160;&#160; </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap valign="top" width="3%" bgcolor="#c0c0c0"><font size="2" style="FONT-FAMILY: serif">32.2</font></td>
            <td align="left" valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" valign="top" width="72%" bgcolor="#c0c0c0">
              <div align="justify"><font size="2" style="FONT-FAMILY: serif">Certification
      of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted
      Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></div>
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="4%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td align="left" nowrap valign="top" width="5%" bgcolor="#c0c0c0">
            </td>
            <td align="left" nowrap valign="top" width="1%" bgcolor="#c0c0c0">&#160; </td>
            <td nowrap valign="top" width="5%" bgcolor="#c0c0c0" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">X</font></td>
          </tr></table>
    </div><br>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">20</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
    <div id="PN" style="PAGE-BREAK-BEFORE: always">
    </div><br>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.</font></font><font size="2" style="FONT-FAMILY: serif"><br></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SIGNATURE</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed, on its behalf by the undersigned thereunto duly
authorized. </font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="75%"><font size="2" style="FONT-FAMILY: serif">Date:&#160; June 10, 2010</font></td>
            <td colspan="2" nowrap width="14%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.</font></td>
            <td nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td colspan="2" nowrap width="14%" style="TEXT-ALIGN: center"><font size="2" style="FONT-FAMILY: serif">(Registrant)</font></td>
            <td nowrap width="10%">
            </td>
          </tr><tr>
            <td colspan="3" width="89%">&#160;</td>
            <td width="10%">
            </td>
          </tr><tr>
            <td colspan="3" width="89%">
            </td>
            <td width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" nowrap width="5%"><font size="2" style="FONT-FAMILY: serif">By:&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="9%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">/s/ W. Kerry Jackson</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">W. Kerry Jackson</font></td>
            <td align="right" nowrap width="10%">
            </td>
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            <td align="left" nowrap width="75%">
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            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Executive Vice President and</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Chief Financial Officer</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="right" colspan="3" nowrap width="89%"><font size="2" style="FONT-FAMILY: serif">(Duly Authorized Officer and Principal
      Financial Officer)</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr></table>
    </div><br>
    <div align="center"><font size="2" style="FONT-FAMILY: serif">21</font></div>
    <div>&#160;</div>
    <hr align="center" noshade size="2" width="100%">
  </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>exhibit31-1.htm
<DESCRIPTION>CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A)
<TEXT>
<html>
<head>
    <title>exhibit31-1.htm</title>
<!-- Licensed to: DG3 I Docs, Inc.-->
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</head>
<body bgcolor="#ffffff"><br>
    <div align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Exhibit 31.1</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CERTIFICATION PURSUANT TO RULE 13a-14(a)/15d-14(a) OF THE
SECURITIES<br>EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF
THE<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SARBANES-OXLEY ACT OF 2002</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">I, Mark L. Lemond,
certify that:</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="TEXT-ALIGN: justify; ">
<tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">1.</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">I have reviewed this quarterly report on Form 10-Q of Shoe
      Carnival, Inc.;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">2.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Based on my knowledge, this report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this report;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">3.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Based on my knowledge, the financial statements, and other
      financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      report;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">4.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The registrant's other certifying officer and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
      control over financial reporting (as defined in Exchange Act Rules
      13a-15(f) and 15d-15(f)) for the registrant and have:</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(a)</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our supervision,
      to ensure that material information relating to the registrant, including
      its consolidated subsidiaries, is made known to us by others within those
      entities, particularly during the period in which this report is being
      prepared;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(b)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Designed such internal control over financial reporting, or caused
      such internal control over financial reporting to be designed under our
      supervision, to provide reasonable assurance regarding the reliability of
      financial reporting and the preparation of financial statements for
      external purposes in accordance with generally accepted accounting
      principles;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(c)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Evaluated the effectiveness of the registrant's disclosure controls
      and procedures and presented in this report our conclusions about the
      effectiveness of the disclosure controls and procedures, as of the end of
      the period covered by this report based on such evaluation;
  and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(d)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Disclosed in this report any change in the registrant's internal
      control over financial reporting that occurred during the registrant's
      most recent fiscal quarter (the registrant's fourth fiscal quarter in the
      case of an annual report) that has materially affected, or is reasonably
      likely to materially affect, the registrant's internal control over
      financial reporting; and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">5.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The registrant's other certifying officer and I have disclosed,
      based on our most recent evaluation of internal control over financial
      reporting, to the registrant's auditors and the audit committee of
      registrant's board of directors (or persons performing the equivalent
      functions):</font></td>
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            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(a)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">All
      significant deficiencies and material weaknesses in the design or
      operation of internal control over financial reporting which are
      reasonably likely to adversely affect the registrant's ability to record,
      process, summarize and report financial information; and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(b)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Any
      fraud, whether or not material, that involves management or other
      employees who have a significant role in the registrant's internal control
      over financial reporting.</font></td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="75%"><font size="2" style="FONT-FAMILY: serif">Date:&#160; June 10, 2010</font></td>
            <td align="right" nowrap width="6%"><font size="2" style="FONT-FAMILY: serif">By:&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">/s/ Mark L. Lemond</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Mark L. Lemond</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">President and</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Chief Executive Officer</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr></table>
    </div><br>
    <hr align="center" noshade size="2" width="100%">
  </body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>exhibit31-2.htm
<DESCRIPTION>CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A)
<TEXT>
<html>
<head>
    <title>exhibit31-2.htm</title>
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</head>
<body bgcolor="#ffffff"><br>
    <div align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Exhibit 31.2</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SHOE CARNIVAL, INC.<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CERTIFICATION PURSUANT TO RULE 13a-14(a)/15d-14(a) OF THE
SECURITIES<br>EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF
THE<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">SARBANES-OXLEY ACT OF 2002</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">I, W. Kerry Jackson,
certify that:</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="TEXT-ALIGN: justify; ">
<tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">1.</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">I have reviewed this quarterly report on Form 10-Q of Shoe
      Carnival, Inc.;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">2.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Based on my knowledge, this report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this report;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">3.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Based on my knowledge, the financial statements, and other
      financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      report;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">4.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The registrant's other certifying officer and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
      control over financial reporting (as defined in Exchange Act Rules
      13a-15(f) and 15d-15(f)) for the registrant and have:</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(a)</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our supervision,
      to ensure that material information relating to the registrant, including
      its consolidated subsidiaries, is made known to us by others within those
      entities, particularly during the period in which this report is being
      prepared;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(b)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Designed such internal control over financial reporting, or caused
      such internal control over financial reporting to be designed under our
      supervision, to provide reasonable assurance regarding the reliability of
      financial reporting and the preparation of financial statements for
      external purposes in accordance with generally accepted accounting
      principles;</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(c)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Evaluated the effectiveness of the registrant's disclosure controls
      and procedures and presented in this report our conclusions about the
      effectiveness of the disclosure controls and procedures, as of the end of
      the period covered by this report based on such evaluation;
  and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(d)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Disclosed in this report any change in the registrant's internal
      control over financial reporting that occurred during the registrant's
      most recent fiscal quarter (the registrant's fourth fiscal quarter in the
      case of an annual report) that has materially affected, or is reasonably
      likely to materially affect, the registrant's internal control over
      financial reporting; and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">5.</font></td>
            <td nowrap valign="top">
            </td>
            <td colspan="3" valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The registrant's other certifying officer and I have disclosed,
      based on our most recent evaluation of internal control over financial
      reporting, to the registrant's auditors and the audit committee of
      registrant's board of directors (or persons performing the equivalent
      functions):</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(a)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">All
      significant deficiencies and material weaknesses in the design or
      operation of internal control over financial reporting which are
      reasonably likely to adversely affect the registrant's ability to record,
      process, summarize and report financial information; and</font></td>
          </tr><tr>
            <td colspan="5" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top">&#160;</td>
            <td nowrap valign="top">
            </td>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">(b)</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">Any
      fraud, whether or not material, that involves management or other
      employees who have a significant role in the registrant's internal control
      over financial reporting.</font></td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="75%"><font size="2" style="FONT-FAMILY: serif">Date:&#160; June 10, 2010</font></td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">By:&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">/s/ W. Kerry Jackson</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="15%"><font size="2" style="FONT-FAMILY: serif">W. Kerry Jackson</font></td>
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</TEXT>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>exhibit32-1.htm
<DESCRIPTION>CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350
<TEXT>
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<head>
    <title>exhibit32-1.htm</title>
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    <div align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Exhibit 32.1</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CERTIFICATION PURSUANT TO 18 U.S.C.<br>SECTION
1350,<br>AS ADOPTED PURSUANT TO SECTION<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">906 OF THE SARBANES-OXLEY ACT OF 2002</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">In connection with
the Quarterly Report of Shoe Carnival, Inc. (the "Company") on Form 10-Q for the
period ending May 1, 2010 as filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I, Mark L. Lemond, President and Chief
Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that:</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="TEXT-ALIGN: justify; ">
<tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">1.</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The
      Report fully complies with the requirements of section 13(a) or 15(d) of
      the Securities Exchange Act of 1934; and</font></td>
          </tr><tr>
            <td colspan="3" valign="top" width="100%">&#160;</td>
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            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">2.</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The
      information contained in the Report fairly presents, in all material
      respects, the financial condition and results of operations of the
      Company.</font></td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="75%"><font size="2" style="FONT-FAMILY: serif">Date:&#160; June 10, 2010</font></td>
            <td align="right" nowrap width="6%"><font size="2" style="FONT-FAMILY: serif">By:&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">/s/ Mark L. Lemond</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Mark L. Lemond</font></td>
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            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">President and</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="14%"><font size="2" style="FONT-FAMILY: serif">Chief Executive Officer</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr></table>
    </div><br>
    <hr align="center" noshade size="2" width="100%">
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>exhibit32-2.htm
<DESCRIPTION>CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350
<TEXT>
<html>
<head>
    <title>exhibit32-2.htm</title>
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<body bgcolor="#ffffff"><br>
    <div align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">Exhibit 32.2</font></font></div>
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">CERTIFICATION PURSUANT TO 18 U.S.C.<br>SECTION
1350,<br>AS ADOPTED PURSUANT TO SECTION<br></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2" style="FONT-FAMILY: serif">906 OF THE SARBANES-OXLEY ACT OF 2002</font></font></div>
    <div>&#160;</div>
    <div align="justify"><font size="2" style="FONT-FAMILY: serif">In connection with
the Quarterly Report of Shoe Carnival, Inc. (the "Company") on Form 10-Q for the
period ending May 1, 2010 as filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I W. Kerry Jackson, Executive Vice President
and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="TEXT-ALIGN: justify; ">
<tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">1.</font></td>
            <td nowrap valign="top">&#160;&#160;&#160;&#160;&#160; </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The
      Report fully complies with the requirements of section 13(a) or 15(d) of
      the Securities Exchange Act of 1934; and</font></td>
          </tr><tr>
            <td colspan="3" valign="top" width="100%">&#160;</td>
          </tr><tr>
            <td nowrap valign="top"><font size="2" style="FONT-FAMILY: serif">2.</font></td>
            <td nowrap valign="top">
            </td>
            <td valign="top" width="100%"><font size="2" style="FONT-FAMILY: serif">The
      information contained in the Report fairly presents, in all material
      respects, the financial condition and results of operations of the
      Company.</font></td>
          </tr></table>
    </div><br>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse; ">
<tr valign="bottom">
            <td align="left" nowrap width="75%"><font size="2" style="FONT-FAMILY: serif">Date:&#160; June 10, 2010</font></td>
            <td align="right" nowrap width="7%"><font size="2" style="FONT-FAMILY: serif">By:&#160;&#160;&#160; </font></td>
            <td align="right" nowrap width="8%" style="BORDER-BOTTOM: #000000 1pt solid"><font size="2">/s/ W. Kerry Jackson</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="15%"><font size="2" style="FONT-FAMILY: serif">W. Kerry Jackson</font></td>
            <td align="right" nowrap width="10%">&#160;</td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="15%"><font size="2" style="FONT-FAMILY: serif">Executive Vice President and</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr><tr valign="bottom">
            <td align="left" nowrap width="75%">
            </td>
            <td align="right" colspan="2" nowrap width="15%"><font size="2" style="FONT-FAMILY: serif">Chief Financial Officer</font></td>
            <td align="right" nowrap width="10%">
            </td>
          </tr></table>
    </div><br>
    <hr align="center" noshade size="2" width="100%">
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</TEXT>
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