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Article Date: December 2023
Word Count: 484

Journeys’ Struggles Pull Down Genesco Q3


Net income tumbled 68% to $6,539,000 from $20,376,000 in the third quarter as lower sales at Journeys resulted in a 4% decline in total revenues to $579,315,000 from $603,788,000, including a -4% blended comp, with stores down 7% and direct up 8%. E-commerce expanded to account for 21% of sales against 18% last year, and BOPIS launched at Journeys and Johnston & Murphy in Oct., with promising initial results. Solid results from Back-to-School tapered off as the quarter progressed, hurt by the late arrival of cool weather and a promotional operating ... Log in to view full article.

 


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