Higher sales at Genesco
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.