By  on May 28, 2007

NEW YORK — The announcement of its closure of 57 underperforming Underground Station stores has hardly made Genesco Inc. a less desirable target, nor has its acknowledgement that earnings for the first quarter, ended May 5, will be 9 to 12 cents per diluted share, well below the initial projection of 28 cents per share.

In fact, Genesco continues to be the talk of the M&A world as Foot Locker weighs a possible acquisition, and rumors of interest from private equity firm Kohlberg Kravis Roberts float around the industry.

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