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Bob Dennis, CEO of shoe and hat retailer Genesco, says sure it's been a tough year but the company has a pretty tight lock on its market.
In the shoe category, for example, Journeys is No. 1 in teen footwear, he said. (Kidz is No. 2 in its category for kids.) That and other high-profile brands, such as Dockers, Underground Station, Hatworld and Johnston & Murphy Group, gives the Nashville-based Genesco a leg up when negotiating for leases and space at malls, he said.
Here are a few thoughts he shared with the morning audience at ICR XChange:
New York store: Closed Journeys and Hatworld store on 5th Avenue and 42nd Street because landlord offered a great buyout. (Rents are high in NYC) Took it and think we timed the market right. Look for us to reopen in NY.
Hatworld and playoffs: Dennis would like to see the Steelers and Philly.
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