10 Dec Why Journeys & Famous Footwear Are Booming Right Now
There’s something about family-footwear retailers.
If you’ve been watching footwear-and-apparel earnings releases lately, you may have noticed that the biggest boost to the financial performance of several brand-management firms have come from their family-footwear businesses.
Case in point: Caleres’ Famous Footwear and Genesco’s Journeys.
In Q3, Journeys, with comp sales advancing 6 percent in the quarter, helped Genesco buck the industrywide trend of declining sales and profits. Famous Footwear, which saw adjusted sales growth of 5 percent in the quarter, did the same for its parent company.