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Article Date: January 2018
Word Count: 247

Genesco Sees Solid Holiday Gains But Lids Still Struggling

With total comp sales up 1% on a 2% decline in brick-and-mortar sales offset by a 17% increase in digital sales, Genesco said comp sales for the quarter to date ended Jan. 4 were up 10% at Journeys, 1% at Schuh and 5% at Johnston & Murphy; however, Lids was down 14%. GCO added that, based on recent results, it now expected to finish Q4 with comps flat to up 1%, but said it would sacrifice gross margin to achieve that goal and keep inventories in balance, so it would give up more than anticipated gross margin in the final ... Log in to view full article.


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