RACINE — Racine-based Rogan’s Shoes has been acquired by Shoe Carnival, according to an announcement Tuesday.
Rogan’s has a store in Janesville near Milton Avenue and Mt. Zion.
Shoe Carnival says it purchased the 53-year-old work and family footwear company with 28 store locations in Wisconsin, Minnesota, and Illinois, for $45 million.
“I am excited about the new opportunities for Rogan’s as it becomes part of the Shoe Carnival family,” said Pat Rogan, Chief Executive Officer of Rogan’s. “We share a strong focus on customers and employees and this transaction provides the additional scale and expertise to drive future growth, create efficiencies and expand profitability with that shared focus as the foundation,” Rogan added.
Mark Worden, President & Chief Executive Officer of Shoe Carnival stated, “Our growth strategy is focused on becoming the nation’s leading family footwear retailer through a combination of organic growth initiatives and M&A activity that expands our geographic footprint and customer base. Over the past five decades the Rogan family has built a brand that is well known and trusted throughout the state of Wisconsin. As such, they have established a clear market leadership position in Wisconsin for work and family footwear, with a compelling assortment, great customer service, and a highly committed team of employees.”
