Genesco’s stock plunges 12% as cautious consumers and steep promotions slash second-quarter sales
Genesco Inc.’s stock has tumbled by 12%, closing at $25.88 after the company announced disappointing results for its fiscal second quarter. The footwear retailer, known for brands like Journeys and Schuh, experienced a dip in sales, driven by cautious consumer behavior and increased promotional activity. Genesco reported that its sales fell slightly to $525.2 million, […]