Genesco Sees 'Some Improvement' at Journeys Amid Second Quarter Declines
Earnings come one day after Genesco announced longtime Journeys executive Mario Gallione would retire next year.
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Earnings come one day after Genesco announced longtime Journeys executive Mario Gallione would retire next year.
This comes after the company announced in May that it would close more than 100 Journeys stores in fiscal 2024.
Global sales at Phillips totaled $453 million for the first half, compared to nearly $750 million over the same period in 2022.
The results came during what CEO Edward Rosenfeld described as a “choppy" retail environment.
A recent study revealed a drastic rise in car thefts in the U.S. during the first half of 2023 compared to the same period last year. The study, titled “Crime Trends in U.S. Cities: Mid-Year 2023 Update” and published by the Council on Criminal Justice, found there were about one-third “more motor vehicle thefts from…