Stock Groups

Genesco is My Value Stock of the Week By StockNews

by Mike Robinson

[ad_1]

© Reuters. Genesco is my Value Stock of Week

Although business was difficult, Genesco Inc . (NYSE) Last year’s pandemic saw the company provide apparel and footwear. However, it bounced back with an annual return of 100%. The great thing about the stock is its low valuation, so investors might want to take a closer look.Genesco Inc. (GCO(*() Sells headwear, footwear, accessories, apparel and sports attire. There are four segments that can be reported by the company, including Journeys Group which comprises Journeys Kidz and Little Burgundy retail shoe chains. A catalog and ecommerce are also used by the company.Its Schuh Group comprises its Schuh retail shoe chain. The Johnston & Murphy Group includes Johnston & Murphy retail operations under the Johnston & Murphy and H.S. Trask. Licensed Brands, includes Dockers Footwear, under a license from Levi Strauss (NYSE:) & Company.

COVID had a negative impact on the company in 2020, as many of its shops were located within shopping centers and therefore forced to close. Many of the retail stores were able to reopen after being vaccinated. In the last couple of months, shoppers returned to malls especially for their back-to-school shopping.

Disclaimer

Continue reading on StockNews

Fusion Media We remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.Fusion Media

Fusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.