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Genesco Blames Port Congestion for ‘Running Four to Six Weeks Behind’

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

While Genesco got a slight boost to close its third-quarter when it climbed back to profitability, the footwear company appears to have put itself on the right track into 2021 with net income of $89.9 million in the holiday period. Adjusted earnings came in at $2.76 per share, well ahead of Wall Street’s anticipation of…

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