‘Strong sales’ for Genesco - footwearbiz: Leading site for global foot

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‘Strong sales’ for Genesco

03/09/2015
US footwear retail group Genesco has reported sales for the second quarter of fiscal 2016 increased 7% to $656 million, with a 4% increase in the Journeys Group, an 8% increase in the Lids Sports Group, an 8% increase in the Schuh Group, and a 10% increase in the Johnston & Murphy.

"The second quarter saw strong comparable sales growth despite the later start to the back-to-school selling season," said Genesco CEO Robert Dennis. "Our top-line performance helped offset expected gross margin pressure from our continued efforts to right size the Lids Sports Group's inventory levels.

"The third quarter is off to a strong start in spite of a later Labour Day, aided by the ramp up in the start of school in many areas of the country and the corresponding tax free shopping periods. Comparable sales for the month of August increased 6%.”

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Record third quarter for Schuh but US retail stalls 06/12/2023
Genesco earnings rise 27/05/2016
Genesco says goodbye to longserving CFO 10/12/2014
Q1 income up $5.8m at Genesco 24/05/2012
Genesco Q2 revenue up 29% 01/09/2011
Genesco buys Schuh for £100m 23/06/2011
Johnston & Murphy debuts women's line 18/08/2008
Losses widen at Finish Line 04/01/2008

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