Genesco needs port diversification as shipments, sales slip March 12, 2021 Shoe and clothing retail owner Genesco reported a 6.0% year over year drop in revenues in FQ4’21 (to Jan. 30) due to a slide in sales at its Johnston & Murphy clothing chain. The firm may have run down inventories with U.S. seaborne imports linked to the firm down by 55.1% year over year in th... Read more →
Genesco’s prolonged back-to-school season trips footwear imports September 9, 2020 The apparel sector may be lagging the broader recovery in consumer discretionary imports with U.S. seaborne shipments which fell by 13.2% year over year in August. Reduced spending on school and work clothes in the wake of COVID-19 has likely been a major factor in retailers’ decisions to trim... Read more →
Tariff Quote Watch: Genesco Tries To Keep A Lid On Tariff Risk With Inventory Build December 7, 2018 Apparel retailers are already putting tariff-coping strategies in place with a mixture of early inventory build and supply chain retooling. Genesco’s CFO, Mimi Vaughn has stated the firm has run up its imports of hats “primarily to a large Lids inventory to bring in core product ahead of tarif... Read more →
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