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Despite Q4 Sales Gain, Genesco’s Profit Squeezed by Margin Pressure

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Nashville, TN—Despite strong fourth quarter sales, Genesco Inc. said Thursday that its profit was hampered by “gross margin pressure, lower than planned contribution from new stores and acquisitions in the Lids Sports Group and unfavorable trends in foreign exchange rates.” For the three months ended Jan 31, Genesco posted net …

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LIDS Sports Group, the Latest Retailer to Expand into Canada

In Industry News, What's New by Accessories StaffLeave a Comment

Indianapolis—LIDS Sports Group announced Friday that it has acquired Jersey City Canada, a licensed sports apparel, headwear and novelty company operating 28 retail stores across four Canadian Provinces. In addition, the acquisition includes nin headwear only CAPZ stores, and two websites operating under www.jerseycity.ca and www.CFLshop.ca.  Terms of the sale …