Genesco Sees Major Store Closings In Coming Years

Speaking at the Baird Global Consumer, Technology & Services Conference, Bob Dennis, chairman, president and CEO of Genesco, the parent of Journeys and Lids, said he expects the company will be operating “significantly fewer” stores over the next five years due to continuing declines in mall traffic.

Interbike Shifts Focus Of IB Awards To Innovation

The newly named Interbike Innovation Awards will continue to showcase excellence in product, retail, and advocacy and will no longer focus on athletes and supplier performance. Products recognized will now be for the upcoming 2018 sales season instead of looking back at 2017 cycle.

Macy’s Shares Dive On Margin Concerns

Macy’s Inc. shares slid $1.96, or 8.2 percent, to $21.90 on Tuesday, their lowest level since February 2011 after the company warned that gross margins will be weaker than forecast as the company struggles to shift inventory.

Columbia Sportswear Realigns Corporate Team

Tim Boyle, who has served as CEO since 1988, has resumed the role of president. Tom Cusick becomes EVP and COO, Franco Fogliato was promoted to EVP and Americas general manager, and Joe Boyle becomes EVP, Columbia brand president.

Buff Unveils 2017 Running Ambassadors

The performance headwear brand has added trail runners Suzanna Bon and Zach Miller to a team that already includes Anton Krupicka, Ian Sharman, Adam Kimble, Michael Wardian and Gina Lucrezi.