Genesco Inc. Announces Additional Actions In Response To Impact Of COVID-19
Genesco Inc. (GCO)
Last genesco inc. earnings: 3/12 06:50 am
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US:NYSE Investor Relations:
genesco.gcs-web.com/investor-overview
Company Research
Source: PR Newswire
NASHVILLE, Tenn., April 6, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced additional proactive steps in its efforts to significantly reduce expense, capital and inventory levels to mitigate the negative financial and operational impacts of COVID-19 and improve liquidity:Announced it had furloughed employees and reduced headcount in its Middle Tennessee area corporate offices, call centers and distribution centers. Furloughed employees will continue to receive Company-offered health care benefits and Genesco will pay both employee and company premiums. Combined with the store and other furloughs already announced, the Company has reduced its workforce by 90%. In addition, more highly compensated employees will have their pay reduced based on a graduated scale and certain employee benefits, including 401(k) matching, will be temporarily suspended. The Company's U.K.-based Schuh business has announced that, effective April 3, 2020, it has reopened its e-commerce operations
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GCO
Earnings
- 3/8/24 - Miss
GCO
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- GCO's page on the SEC website