NASHVILLE, Tenn. (AFX) - Genesco Inc. said Wednesday its board has approved the use of up to $20 million in cash to buy back shares of its common stock.
The Nashville, Tenn.-based footwear retailer, whose brands include Journeys and Johnston & Murphy, said the buybacks will be made from time to time in both the open market and private transactions.
Genesco shares closed down 46 cents at $32.40 on the New York Stock Exchange.
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