Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Journeys says BTS off to good start

Journeys at South Coast Plaza.
Journeys at South Coast Plaza. Shop-eat-surf file photo.
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