Genesco narrows loss in Q2
Nashville, Tenn. Genesco reported Wednesday that it lost $2.4 million in the quarter ended July 31, compared with a loss of $2.7 million a year earlier.
Sales rose 9% to $364 million, from $335 million. Same-store sales increased by 3%.
By banner, the Lids Sports Group's same-store sales increased 7% and the Journeys Group 2%, while Johnston & Murphy Retail's same-store sales were flat and the Underground Station Group declined 4%.
Genesco sells footwear, headwear, sports apparel and accessories in more than 2,260 retail stores in the United States and Canada, under various banners, including Journeys, Johnston & Murphy, and Lids.