Top SGB Updates
Athleta Opens Fourth Store In New York City
Athleta, a Gap Inc. brand, opened a new multi-level 5,000-square-foot store in the Soho neighborhood of Manhattan in New York.
SGB Executive
EXEC: Genesco Reduces FY Guidance On Inflationary, Promotional Pressures
Genesco, Inc.’s sales and margins topped expectations in the third quarter, but its full-year outlook was lowered as heightened promotional activity is now planned for the fourth quarter, particularly at the flagship Journeys chain. Mimi Vaughn, Genesco’s president and CEO, told analysts, "The consumer pressured by inflation is having to make harder choices on where they spend their money."
