Genesco net income slid 30% in the important Holiday quarter to $27,189,000 from $38,949,000, as the Journeys parent’s revenues inched up 2% to $738,950,000 from $725,020,000, with comps down 4%, including -7% in stores and +5% from e-commerce. Gross margin inched down 10 basis points to 46.3%, as a less profitable product mix at Journeys was partially offset by lower freight and logistics costs at Johnston & Murphy and Genesco Brands. SG&A increased 6% on higher e-commerce sales and the 53rd week, deleveraging 170 b.p. to 41.1% of the top line. ... Log in to view full article.