Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, “Fourth quarter EPS came in above last year’s levels and above expectations fueled in large part by better holiday selling than anticipated for most of our businesses.”
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Genesco Eyes Pickup At Journeys
Same-store sales at Journeys were down 6 percent in the November/December holiday period, but December marked an improving rate with Journeys being down 12 percent in November.
Genesco Sees Flat Holiday Comps
Same-store sales decreased 2 percent and sales for the company’s e-commerce and catalog direct sales businesses increased 11 percent on a comparable basis for that period.
Genesco To Sell SureGrip To Shoes For Crews
SureGrip markets occupational footwear under a portfolio of brands including New Balance, Caterpillar, Dockers, Lila, Merrell, Aerosoles, Crocs, DC Shoes, Johnston & Murphy and Keuka.
Genesco’s Q3 Earnings Leap Past Street Estimates
Third-quarter earnings benefited from better-than-expected sales and significantly stronger margins at Lids Sports Group. The retailer nonetheless retained its guidance for the year due to the impact of unseasonably warmer weather and continued fashion shifts at Journeys.
Genesco’s Shares Crash On Disappointing Outlook
The company’s Journeys chain is being hurt by a fashion shift that’s “more pronounced than we have ever seen in the past.”
Genesco Lowers Guidance On Weak Trends At Journeys
Genesco Inc said that due to adverse fashion shifts at Journeys and poor trading conditions at Schuh, its U.K. chain, it’s lowering its EPS outlook for the year.
Genesco’s Q1 Boosted by Lids Bounce Back
Genesco Inc. reported a modest gain in first-quarter earnings, but came out well ahead of Wall Street’s target, thanks to a surprise profit turnaround at its long-struggling Lids Sports Group segment.
Genesco’s Q1 Handily Beats Street Targets
Genesco Inc. reported a modest gain in first-quarter earnings that came out well ahead of Wall Street’s target. The upside was boosted by a “significantly better” performance at Lids Sports Group. The company reiterated its guidance for the year.
Genesco Picks Baxter to Head Lids Sports Group
Genesco Inc. appointed David Baxter president and chief executive officer of its Lids Sports Group and senior vice president of Genesco, effective June 1, 2016.
Genesco Appoints Board Members
Genesco Inc. announced that Kevin P. McDermott and David M. Tehle have been appointed to its board of directors, effective Feb. 1, 2016…
Genesco to Acquire Canadian Footwear Chain
Genesco Inc. agreed to acquire the 37-store Little Burgundy footwear and accessories chain in Canada from Aldo Group Inc…
Genesco To Acquire Little Burgundy Chain
Genesco Inc. announced that its Canadian subsidiary has entered into an agreement with the Aldo Group Inc. to acquire the 37-store Little Burgundy retail footwear chain in Canada. Based in Montreal, Little Burgundy serves a fashion-oriented 18- to 34-year
Genesco Expands Stock Buyback Program
Genesco Inc.'s board of directors authorized the repurchase of up to $100 million of the company's common stock…
Genesco’s Q2 Profits Leap
Genesco Inc. reported second-quarter earnings climbed 58.3 percent to $7.6 million, or 32 cents per share, easily exceeding Wall Street's consensus target. Overall comparable sales increased 7 percent, with gains of 4 percent in the Journeys Group,
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