Genesco Inc (NYSE:GCO) shares are trading higher after the company reported better-than-expected first-quarter FY25 earnings. The company reported a first-quarter sales decline of 5.3% year-on-year to $457.60 million, beating the analyst’s consensus estimate of $445.05 million. The sales decrease was driven by a decline in store sales, decreased wholesale sales and the impact of net store closings. Total comparable sales declined 5%. Comparable e-commerce sales increased 3%; comparable store sales decreased 7%. E-commerce sales represented 23% of retail sales compared to 21% last year. Overall sales dropped ...