77
Fashion Jobs
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
GUESS
Sales Advisor (Greece)
Permanent · ATHENS
Published
Jun 4, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Journeys drives improved sales and earnings turnaround at Genesco

Published
Jun 4, 2019

Footwear and accessories retailer Genesco Inc. managed to dig itself out of loss in the first quarter of 2019, as progress in the company’s better than expected sales was led by its Journeys brand.


Genesco became a footwear-focused company when it sold its Lids brand at the end of last year - Instagram: @journeys

 
The company’s net sales for the quarter ended May 4, 2019, rose 2% (3% in constant currencies) to $496 million, up from $486 million in the prior-year period. Comparable sales increased 5%, reflecting a 4% increase in same-store sales and a 15% rise in direct comps.
 
Journeys, which accounts for around 65% of Genesco’s revenues, posted a comparable sales increase of 7%, while the group’s second largest retail chain Schuh – representing just over 15% of total-company sales – achieved a 2% comps increase. Comparable sales at Johnston & Murphy were flat.

These improvements in sales, coupled with reduced expenses, helped Genesco to achieve net earnings of $6.3 million ($0.36 per share) in the first quarter, a drastic improvement from Q1 2018’s net loss of $2.3 million ($0.12 per share).
 
“Fiscal 2020 is off to a good start with improved results in every business,” said Genesco Chairman, President and CEO Robert J. Dennis in a release. “Our overall performance was fueled by the continued strength of our Journeys business, as the momentum from the successful back-to-school and holiday seasons carried over into the new year.”
 
Q1 2019 represents Genesco’s first quarter as a footwear-focused company, following the sale of its Lids fan gear brand at the end of last year, a gamble which looks to have paid off for the Nashville, Tennessee-based retailer.
 
In light of its strong first-quarter results, the company now expects its annual EPS to be at the higher end of the previously reported range of $3.35 to $3.75, while comparable sales are predicted to increase 1% to 2%.
 
Genesco currently operates through a network of over 1,500 stores in the US, Canada, the UK, Ireland and Germany, as well as through a range of brand-specific e-commerce websites.
 
Following the announcement of its results, shares in the company rose almost 12% on Friday.

Copyright © 2024 FashionNetwork.com All rights reserved.