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Genesco is My Value Stock of the Week By StockNews


© 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.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.