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Genesco Closes North American Stores From Mar. 18-28, Withdraws Guidance

NASHVILLE, Tenn., March 18, 2020 /PRNewswire/ --Genesco Inc. (NYSE:GCO) today provided a business update in response to the continued spread of COVID-19. In consideration of the health and well-being of its

Benzinga · 03/18/2020 10:51

NASHVILLE, Tenn., March 18, 2020 /PRNewswire/ --Genesco Inc. (NYSE:GCO) today provided a business update in response to the continued spread of COVID-19.

In consideration of the health and well-being of its employees, customers and communities, and in support of efforts to contain the spread of the virus, Genesco, after initially reducing store hours, will temporarily close its North American stores effective today,March 18, 2020 through March 28, 2020. At that time, the Company will evaluate the timing of reopening. The Company's North American e-commerce operations remain open and ready to serve customers at www.journeys.comwww.journeyskidz.comwww.journeys.cawww.littleburgundyshoes.comwww.johnstonmurphy.comwww.johnstonmurphy.ca.

Due to the heightened uncertainty relating to the potential impact of COVID-19 on Genesco's business operations, including its duration and effect on overall customer demand, the Company is withdrawing its guidance issued on March 12, 2020. Genesco is not providing updated guidance at this time.