Journeys news and archive

Genesco reports sales growth in first quarter

US footwear group Genesco reported a 3 percent increase in net sales for the first quarter of fiscal 2027, reaching 487 million dollars compared to 474 million dollars in the first quarter of fiscal 2026. The revenue increase was driven by a 2 percent rise in comparable sales, including a 3 percent gain in same store sales, which helped offset...

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Genesco embarks on AI-driven transformation strategy, jobs losses expected

Wholesale and licensing firm Genesco has announced the launch of a strategic transformation following a review of the business, as pressure on profitability mounts. The plan will see the US company adopt a new operating model, which will roll out in phases. As a result of the process, some positions are expected to be impacted within the IT...

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Genesco forms a global retail group to reach more customers

Genesco, the footwear company with more than 1,250 retail stores in North America, the UK and the Republic of Ireland, alongside a portfolio of owned and licensed lifestyle brands, has formed a global retail group uniting its Journeys, Schuh and Little Burgundy brands. The new venture will be called Journeys Global Retail Group and will be led...