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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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We initiate Genesco at Strong Buy with a $56 PT, driven by a structural comp surge at Journeys and digital momentum. Journeys 4.0 remodels are delivering ~25% sales lifts per store, with management accelerating the rollout to 70+ stores in FY26. Digital now drives 23% of retail sales (+7% comp), creating omnichannel tailwinds and margin resilience that the market underappreciates.
