PROTECTING RETAILERS AND A LIFESTYLE

SURF SKATE SNOW SUP WAKE

Genesco Conference Call

Thanks to Chuck Morrow from Ambush for providing an update of the Genesco conference call this morning.

Genesco, the parent company of mall-based shoe retailer Journeys, a big customer for skate shoe brands, discussed on its conference call this morning how skate shoes performed during the quarter ended Oct. 31.

Overall, Genesco sales were flat at $390 million, while adjusted net income rose 29% to $12.3 million.

Sales for the first 21 days of November are off to a slower start than forecast, however, with total company same-store sales down 3% month-to-date.

In the company’s Journeys Group, sales fell 1.5% to $198 million. Same-store sales declined 2%