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Lord & Taylor to open first-ever Home store
New York City -- Lord & Taylor will unveil a new concept called Lord & Taylor Home on Friday, at Fashion Center shopping center in Paramus, N.J. A second location, in Shrewsbury, N.J., is expected to open in several weeks. Lord & Taylor is owned by NRDC Equity Partners, which also owns Canada’s Hudson Bay Co.
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Genesco narrows loss in Q2, raises full-year outlook
Nashville, Tenn. – Genesco, parent to the Journeys, Lids and Johnston & Murphy banners, reported Wednesday a loss of $392,000 for the quarter ended July 31, compared with a loss of $3.2 million in the year-ago period.
Sales rose 29% to $471 million, from $364 million. Same-store sales surged 14%, with the Lids Sports Group up 12%, the Journeys Group up 15%, the Johnston & Murphy Group up 17%, and the Underground Station Group up 10%.
The company said it is raising its fiscal 2012 guidance, based on the performance.