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NASHVILLE - Footwear retailer Genesco Inc. (NYSE:GCO), currently trading at $29.07, announced Monday the formation of the Journeys Global Retail Group, uniting its Journeys, schuh and Little Burgundy retail banners under a single organizational structure. According to InvestingPro data, the company’s stock has shown significant momentum with a 37% gain over the past six months, despite recent volatility.
The company has promoted Andy Gray to lead the new organization as Chief Executive Officer of Journeys Global Retail Group. Additionally, Chris Santaella has been named Chief Merchandising Officer for the group, overseeing product strategies and merchant teams across all three brands.
The new alignment aims to position the business as a style-led, youth footwear retail group with particular focus on female consumers. According to the company, the restructuring will "boost the Company’s global voice, unlock greater growth potential for brand partners, and elevate its world-class talent."
Genesco’s Board Chair, President, and Chief Executive Officer Mimi E. Vaughn said the unified global leadership would "maximize opportunities, strengthen market positioning with the consumer, and drive even greater growth with our brand partners."
Gray, who became President of Journeys in January 2024, previously spent over 20 years at Foot Locker in various senior roles including Global President and Chief Commercial Officer. Santaella joined Journeys in February 2024 after more than three decades at Foot Locker, where he most recently led global product strategies.
Genesco operates more than 1,250 retail stores across North America, the United Kingdom, and the Republic of Ireland. The company’s existing leadership at schuh and Little Burgundy will remain in their roles and report through the new organizational structure.
The announcement was made in a company press release statement.
In other recent news, Genesco Inc. reported its second-quarter earnings for 2025, showing a better-than-expected adjusted diluted loss per share of $1.14, compared to the forecasted loss of $1.25. The company’s revenue reached $546 million, surpassing expectations of $532.4 million. Despite these positive figures, investor concerns about broader challenges affected the stock’s performance. Truist Securities raised Genesco’s stock price target to $31 from $25, maintaining a Hold rating, citing strong momentum in the company’s Journeys business with double-digit comparable sales growth. Similarly, Jefferies increased its price target for Genesco to $29 from $24, also keeping a Hold rating, after noting the company’s solid performance in the second quarter. This marks Genesco’s fourth consecutive quarter of positive comparable sales. These developments reflect ongoing analyst confidence in the company’s current trajectory, despite some market apprehensions.
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