For the three months ended 1 August 2026, Nashville-based footwear retailer Genesco recorded a 3% decline in net sales to $530m.
Genesco attributed this decline to store closures, reduced licensed sales, fewer online discounts at Schuh and negative currency effects. Among the company's brands, Johnston & Murphy posted a 5% sales increase, and sales at Journeys rose 2%.
Overall, same-store sales grew by 1%, with expanded locations partially offsetting the decline in other areas.
By the end of the quarter, Genesco's store count had fallen to 1,186 from 1,253 a year prior, representing a 5% reduction in total retail **** e.
Despite lower sales volumes, the company also reported that adjusted gross margin improved to 47.2% from 45.8% a year earlier, citing reduced promotional activity and a stronger focus on full-price sales at Schuh as contributing factors.
#reduced #johnston
Genesco attributed this decline to store closures, reduced licensed sales, fewer online discounts at Schuh and negative currency effects. Among the company's brands, Johnston & Murphy posted a 5% sales increase, and sales at Journeys rose 2%.
Overall, same-store sales grew by 1%, with expanded locations partially offsetting the decline in other areas.
By the end of the quarter, Genesco's store count had fallen to 1,186 from 1,253 a year prior, representing a 5% reduction in total retail **** e.
Despite lower sales volumes, the company also reported that adjusted gross margin improved to 47.2% from 45.8% a year earlier, citing reduced promotional activity and a stronger focus on full-price sales at Schuh as contributing factors.
#reduced #johnston
6 days ago
