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%