Genesco posts fiscal Q2 profit despite lower sales
Genesco reported fiscal second-quarter net earnings of $3.5 million, or 33 cents a share, swinging to profit as turnaround actions including store closures and reduced discounting weighed on sales.
By Connor HartGenesco swung to a profit in its fiscal second quarter, even as turnaround actions such as store closures and a pullback on discounting weighed on sales.The retailer behind brands including Journeys and Johnston & Murphy on Thursday reported net earnings of $3.5 million, or 33 cents a…