One hundred Journeys stores will be closing within the next year. According to the brand’s parent company Genesco, the footwear chain is set to close one hundred of its locations due to low sales. Genesco expects to save as much as $40M in earnings by closing down shops in malls specifically. The CEO of Genesco, Mimi Vaughn, “partially attributed the decline in demand for Journeys’ products to inflation woes, lower tax refunds and discounted athletic products readily available in the market.” However, the company so far has opened thirteen out of twenty-five planned pilot stores in hopes to increase future sales. Many brands have been closing their mall locations (like Claire’s and Bath & Body Works), but YPulse data shows Gen Z and Millennials are as fond of online shopping as ever. (Retail Dive)
Reports and Webinars are limited to the Region terms of your Pro and Prime subscription, as shown in “Purchased Regions”.
- To filter all content types to individual Region(s) you have purchased, apply your Region(s) under “Purchased Regions.”
Articles, Video Updates, and News across all Regions are open to all Pro and Prime subscribers.
- To see this content for any Region, use the “Content Filter”.
