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The Buckle sales continue to slip in August
Following a revenue miss in the second quarter, sales continue to slide at The Buckle. For August, same-store sales fell 14.8%, a decrease exceeding the company’s 10.9% same-store loss in July, and a 10.8% drop in the second quarter. Net sales for August also dipped 14.0% to $87.2 million for the four-week period ended August 27, 2016, compared to $101.4 million for the same fiscal month last year, ended August 29, 2015. -
Genesco cuts outlook
Changing footwear trends took a bite out of Genesco Inc.’s sales in the second quarter. The company reported net income of $14.6 million, up from a year-earlier profit of $7.5 million. Genesco’s revenue for the second quarter, ended on July 30, fell 4.6% to a less-than-expected $625.6 million. Total same-store sales fell 1%, with a 4% decline at the Journeys Group.