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Article Date: January 2012
Word Count: 164

ICR XChange Coverage: Genesco


Roughly 50% of business in teen footwear with 39% from Journeys and 12% in Schuh and one third in Lids.++++Q4 comps were done with full price sales. Gross margins will be in same neighborhood as last year. Now lapping 14% and 14% comps for Q1 and Q2 and planning low-single-digit increase against those comps.++++Skate sales benefiting from consolidation in sector.++++Will end year with 12 stores in Canada and add same number next year.++++Schuh getting access to better real estate with tough economy ... Log in to view full article.

 


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