Nashville-based footwear, headwear and accessories retailer Genesco Inc. has reported earnings before discontinued operations of $2.2 million for the first quarter ended May 5, including asset impairment charges of $6.6 million primarily related to the company's previously announced plan to close up to 57 underperforming stores. This compares with earnings of $10.7 million before discontinued operations in the same prior-year period.

Net sales for the first quarter increased 6% to $335 million compared with $315 million for the comparable period last year.

Chairman and CEO Hal Pennington said, "During the first quarter the Journeys Group posted solid sales growth and the positive momentum in the Johnston & Murphy and Dockers Footwear businesses continued.”