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Journey’s Parent Company Sees Net Sales Fall 44% in Q1

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Genesco, parent company behind Journeys, Schuh and Johnston & Murphy, missed Wall Street estimates for both earnings and revenue in the first quarter but the company feels confident strong digital growth will allow it to bounce back. In a Nutshell: As of June 9, Genesco said it had reopened approximately 1,000 of its 1,479 stores…

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