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Article Date: January 2022
Word Count: 302

Genesco Posts Double-Digit Holiday Gains

Despite a lack of inventory across its banners, and especially online, a strong Holiday selling season resulted in revenues increasing 18% quarter-to-date, GCO reported at the ICR Conference. Brick-and-mortar sales increased 23%, more than offsetting a 10% decline in e-commerce. Journeys sales increased 8%, driven by boots and the fashion shift towards casual footwear, and there were very few markdowns. Schuh in the U.K. was up 28%, lapping store closures there, with strength from fashion athletic and made-to-order styles. Casual athletic styles sent Johnston & Murphy up 53% from last year’s dismal results, but the banner was still down 5% ... Log in to view full article.


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