The sales increase was driven by a 5% rise at Journeys, a 6% increase at Johnston & Murphy and 4% growth at Genesco Brands, partially offset by a 5% decline at Schuh. Overall comparable sales increased 2%, with same-store sales up 3%, while e-commerce sales were flat.
During the quarter, Genesco opened two stores and closed 30, ending the period with 1,208 stores worldwide. The company also announced a new cost reduction programme expected to generate between US$40 million and US$50 million in savings by fiscal 2029 through automation, IT transformation and operational efficiencies.
Mimi E Vaughn, Board Chair, President, Chief Executive Officer and Interim Chief Financial Officer, said: “After a strong finish to Fiscal 2026, we are pleased to report a solid start to Fiscal 2027, delivering our seventh consecutive quarter of positive comparable sales and first quarter results that exceeded expectations across the board.”
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