NEW YORK, Sept. 2, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Genesco Inc. ("Genesco" or the "Company") (NYSE: GCO). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at firstname.lastname@example.org or 212-697-6484.
The investigation concerns whether Genesco and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Genesco, based in Nashville, Tennessee, is a publicly owned specialty retailer of branded footwear, licensed and branded headwear and licensed sports apparel and accessories and is a wholesaler of branded and licensed footwear.
On September 1, 2016, Genesco announced its second quarter results and lowered its full year guidance. Genesco also disclosed that its second quarter Fiscal 2017 comparable sales were down 1%, and its Journeys Group had a 4% decrease. Robert J. Dennis, Genesco Chairman, President and Chief Executive Officer, said the Company's change in sales is due to a "sudden shift" from the many core styles that have fueled Journey's performance up until now. Following this news, Genesco stock dropped over 30% during intraday trading on September 1, 2016, thereby injuring investors.
If you purchased Genesco shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/gco. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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