Sponsors
Billabong ▼ -0.005 | PPR ▼ -1.55 | American Apparel ▼ -0.040 | The Buckle ▼ -0.13 | Columbia ▼ -0.36 | Deckers Outdoor ▼ -6.18 | Dicks ▼ -0.80 | Foot Locker ▼ -0.83 | Genesco ▼ -1.18 | Iconix Brand Group ▼ -0.63 | Jarden Corp ▼ -0.55 | Nordstrom ▼ -0.79 | Luxottica ▼ -0.82 | Nike ▼ -1.50 | Pacific Sunwear ▼ -0.05 | Skullcandy ▲ +0.06 | Sport Chalet - 0 | Urban Outfitters ▼ -0.57 | VF Corp ▼ -0.14 | Quiksilver ▼ -0.10 | Zumiez ▼ -0.62 | Macys ▼ -0.42 | Tillys ▼ -0.09 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
Industry Insight

New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Journeys says BTS off to good start

By Tiffany Montgomery
September 01, 2010 6:00 AM

Genesco Inc., the parent company of the 900-plus Journeys shoe chain, said back-to-school sales are off to a good start.

Comparable store sales at Journeys rose 7% in August, the company said in its second quarter earnings results. For the total company, comps in August rose 8%.

Journeys Group results for quarter ended July 31

Journeys Group sales: up 2.9% to $153 million

Journeys comps: up 2%

Journeys operating loss: $4.5 million vs. $3.2 million

Q2 Genesco financial results

Total sales: up 9% to $364 million

Comp store sales: up 3%

Gross margins: 50.6% vs. 50.8%

Net loss: $2.4 million vs. a $2.7 million loss the same period last year. Both periods were impacted by special charges. Excluding the charges for both periods, the company had a Q2 net loss of $0.5 million vs. a net loss of $0.4 million last year.

Guidance

The company expects comps in the second half to rise in the low single digits. It also reiterated its full year earnings guidance of $2.10 to $2.20 per share, excluding charges.

 

 


More on: Journeys, Genesco

Articles You Might Have Missed