LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Genesco Inc. (“Genesco” or the “Company”) (NYSE: GCO) investors concerning the Company and its officers’ possible violations of federal securities laws.
Genesco retails and wholesales footwear, apparel, and accessories.
On September 1, 2016, Genesco issued a press release announcing its second quarter results and lowered its full year guidance. In the announcement, the Company disclosed that its second quarter Fiscal 2017 comparable sales were down 1%, while its Journeys Group experienced a 4% decrease. Genesco Chairman, President and Chief Executive Officer, Robert J. Dennis attributed the Company’s poor performance in part to a “sudden shift” away from many of the core styles that have fueled Journey’s performance in recent years.
On this news, shares of Genesco fell over 30% during intraday trading on September 1, 2016, thereby injuring investors.
If you purchased Genesco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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