{"id":4091,"date":"2026-09-08T15:51:15","date_gmt":"2026-09-08T15:51:15","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4091"},"modified":"2026-09-08T15:51:15","modified_gmt":"2026-09-08T15:51:15","slug":"genesco-closes-25-stores-as-footwear-retailer-seeks-to-boost-profits","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4091","title":{"rendered":"Genesco closes 25 stores as footwear retailer seeks to boost profits"},"content":{"rendered":"

<\/p>\n

<\/p>\n
\n
\n
\n
\n

Check out what’s clicking on FoxBusiness.com.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Retail footwear veteran Genesco Inc. is shuttering more than two dozen underperforming stores as part of a broader push to reduce its physical footprint, cut overhead and boost overall profitability.<\/p>\n

The Nashville-based parent company of Journeys, Johnston & Murphy and U.K.-based Schuh closed 25 retail stores during its second quarter of fiscal 2027.\u00a0<\/p>\n

With three new openings, the net reduction brought its total store fleet down to 1,186 \u2013 a 5% drop in total retail space from the same period last year. The quarterly cuts were led by teen retailer Journeys, Schuh and Johnston & Murphy, with 17, six and two closures, respectively.\u00a0<\/p>\n

LULULEMON BILLIONAIRE CHIP WILSON, WIFE DIVORCING AFTER 20-PLUS YEARS WITHOUT PRENUP: REPORT<\/strong><\/p>\n

\n
\"Mimi<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

Mimi Vaughn, president and chief executive officer of Genesco Inc., stands for a photograph in Nashville, Tennessee, U.S., on Tuesday, Jan. 7, 2020.<\/span> (Eilon Paz\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

Genesco says its reduced square footage is part of a deliberate operational pivot. Net sales dropped 3% to $530 million, but management cited store closures, reduced promotional discounting and license transitions as intentional moves that sacrificed top-line revenue to secure healthier margins.<\/p>\n

\n
\"Genesco<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

Genesco is the parent company of Journeys, Johnston & Murphy and U.K.-based Schuh.<\/span> (Eilon Paz\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

The lower store count and a disciplined pull-back on price cuts helped adjusted gross margins expand 140 basis points to 47.2%.<\/p>\n

WALMART MAKES CHANGES TO HOW MILLIONS OF CUSTOMERS CAN PAY AT CHECKOUT<\/strong><\/p>\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
GCO<\/td>\nGENESCO INC.<\/td>\n35.81<\/td>\n+1.37<\/td>\n\n +3.98%\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Meanwhile, flagship brand Journeys posted a 2% gain in comparable sales, marking its eighth consecutive quarter of growth, while Johnston & Murphy comparable sales grew 4%. Genesco also significantly cleaned up its balance sheet, slashing total debt from $71 million a year ago to $15.8 million.<\/p>\n

BUC-EE\u2019S CEO SIGNALS EXPANSION SHIFT AWAY FROM BLUE STATES THAT \u2018DON\u2019T APPRECIATE\u2019 CHAIN<\/strong><\/p>\n

\n
\"Genesco<\/source><\/source><\/source><\/source><\/picture><\/div>\n
\n

Genesco says its reduced square footage is part of a deliberate operational pivot.<\/span> (Eilon Paz\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

Beyond shutting doors, the retailer is aggressively targeting operational costs. A company-wide efficiency push \u2013 fueled by store remodeling, automation, and AI integration \u2013 is projected to save between $40 million and $50 million through fiscal 2029.<\/p>\n

CLICK HERE TO GET FOX BUSINESS ON THE GO<\/strong><\/p>\n

With strong back-to-school demand lifting Journeys’ sales to mid-single-digit growth in August, Genesco raised its full-year adjusted earnings guidance to the high end of its $2 to $2.40 per share range. For investors, the company’s 25 store closures represent a tactical trim, exchanging sheer size for a leaner, higher-margin operation.<\/p>\n<\/div>\n

#Genesco #closes #stores #footwear #retailer #seeks #boost #profits<\/p>\n","protected":false},"excerpt":{"rendered":"

Check out what’s clickin… <\/p>\n","protected":false},"author":1,"featured_media":4092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[468,4267,5127,7004,757,6318,1043,696],"class_list":["post-4091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-boost","tag-closes","tag-footwear","tag-genesco","tag-profits","tag-retailer","tag-seeks","tag-stores"],"yoast_head":"\nGenesco closes 25 stores as footwear retailer seeks to boost profits - Finance News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaultinsider.top\/?p=4091\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genesco closes 25 stores as footwear retailer seeks to boost profits - Finance News\" \/>\n<meta property=\"og:description\" content=\"Check out what’s clickin…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vaultinsider.top\/?p=4091\" \/>\n<meta property=\"og:site_name\" content=\"Finance News\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-08T15:51:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/09\/931\/523\/mimi-vaughn-genesco.jpg?ve=1&tl=1\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#\\\/schema\\\/person\\\/ed40724a3e5d482ce66781a042c3c31e\"},\"headline\":\"Genesco closes 25 stores as footwear retailer seeks to boost profits\",\"datePublished\":\"2026-09-08T15:51:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091\"},\"wordCount\":430,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/genesco-distribution-center.jpg\",\"keywords\":[\"boost\",\"closes\",\"Footwear\",\"Genesco\",\"Profits\",\"retailer\",\"seeks\",\"stores\"],\"articleSection\":[\"Finance News\"],\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091\",\"name\":\"Genesco closes 25 stores as footwear retailer seeks to boost profits - Finance News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/genesco-distribution-center.jpg\",\"datePublished\":\"2026-09-08T15:51:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#\\\/schema\\\/person\\\/ed40724a3e5d482ce66781a042c3c31e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#primaryimage\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/genesco-distribution-center.jpg\",\"contentUrl\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/genesco-distribution-center.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=4091#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9875\",\"item\":\"https:\\\/\\\/www.vaultinsider.top\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Genesco closes 25 stores as footwear retailer seeks to boost profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#website\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/\",\"name\":\"Finance News\",\"description\":\"Just another Finance News site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.vaultinsider.top\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#\\\/schema\\\/person\\\/ed40724a3e5d482ce66781a042c3c31e\",\"name\":\"admin\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Genesco closes 25 stores as footwear retailer seeks to boost profits - Finance News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vaultinsider.top\/?p=4091","og_locale":"zh_CN","og_type":"article","og_title":"Genesco closes 25 stores as footwear retailer seeks to boost profits - Finance News","og_description":"Check out what’s clickin…","og_url":"https:\/\/www.vaultinsider.top\/?p=4091","og_site_name":"Finance News","article_published_time":"2026-09-08T15:51:15+00:00","og_image":[{"url":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/09\/931\/523\/mimi-vaughn-genesco.jpg?ve=1&tl=1","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"\u4f5c\u8005":"admin","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"2 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.vaultinsider.top\/?p=4091#article","isPartOf":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091"},"author":{"name":"admin","@id":"https:\/\/www.vaultinsider.top\/#\/schema\/person\/ed40724a3e5d482ce66781a042c3c31e"},"headline":"Genesco closes 25 stores as footwear retailer seeks to boost profits","datePublished":"2026-09-08T15:51:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091"},"wordCount":430,"commentCount":0,"image":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091#primaryimage"},"thumbnailUrl":"https:\/\/www.vaultinsider.top\/wp-content\/uploads\/2026\/09\/genesco-distribution-center.jpg","keywords":["boost","closes","Footwear","Genesco","Profits","retailer","seeks","stores"],"articleSection":["Finance News"],"inLanguage":"zh-Hans","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.vaultinsider.top\/?p=4091#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.vaultinsider.top\/?p=4091","url":"https:\/\/www.vaultinsider.top\/?p=4091","name":"Genesco closes 25 stores as footwear retailer seeks to boost profits - Finance News","isPartOf":{"@id":"https:\/\/www.vaultinsider.top\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091#primaryimage"},"image":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091#primaryimage"},"thumbnailUrl":"https:\/\/www.vaultinsider.top\/wp-content\/uploads\/2026\/09\/genesco-distribution-center.jpg","datePublished":"2026-09-08T15:51:15+00:00","author":{"@id":"https:\/\/www.vaultinsider.top\/#\/schema\/person\/ed40724a3e5d482ce66781a042c3c31e"},"breadcrumb":{"@id":"https:\/\/www.vaultinsider.top\/?p=4091#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vaultinsider.top\/?p=4091"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/www.vaultinsider.top\/?p=4091#primaryimage","url":"https:\/\/www.vaultinsider.top\/wp-content\/uploads\/2026\/09\/genesco-distribution-center.jpg","contentUrl":"https:\/\/www.vaultinsider.top\/wp-content\/uploads\/2026\/09\/genesco-distribution-center.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/www.vaultinsider.top\/?p=4091#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9875","item":"https:\/\/www.vaultinsider.top\/"},{"@type":"ListItem","position":2,"name":"Genesco closes 25 stores as footwear retailer seeks to boost profits"}]},{"@type":"WebSite","@id":"https:\/\/www.vaultinsider.top\/#website","url":"https:\/\/www.vaultinsider.top\/","name":"Finance News","description":"Just another Finance News site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vaultinsider.top\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Person","@id":"https:\/\/www.vaultinsider.top\/#\/schema\/person\/ed40724a3e5d482ce66781a042c3c31e","name":"admin","url":"https:\/\/www.vaultinsider.top\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/posts\/4091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4091"}],"version-history":[{"count":0,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/posts\/4091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=\/wp\/v2\/media\/4092"}],"wp:attachment":[{"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vaultinsider.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}