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Stock Market & Financial Investment News

News Breaks
January 14, 2014
08:32 EDTGCOGenesco reports comparable sales increased 1% quarter-to-date period
Genesco announced that comparable sales, including both stores and direct sales, increased 1% for the quarter-to-date period ended January 11, compared to a 1% decrease for the equivalent period last year. Comparable sales for stores only for the quarter-to-date period ended January 11, were flat with the equivalent period last year, when such sales decreased 2%. Comparable sales for the Company's e‑commerce and catalog direct sales businesses increased 11% in the quarter-to-date period ended January 11, compared to an increase of 17% for the equivalent period last year.
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April 21, 2014
08:49 EDTGCOGenesco appears set up well on easy comparisons, says RW Baird
Baird Genesco as a well managed company after meeting with management. The firm believes the company may be set up well based on easy comps if sales accelerate. Baird sees multiple expansion even with modest comp acceleration. Shares are Outperform rated with a $90 price target.

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