(RTTNews) - Specialty retailer Genesco Inc. (GCO) announced Monday that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.
Under Genesco's existing $100 million share repurchase authorization announced in September 2019, the Company has repurchased roughly 1.72 million shares at a total cost of approximately $99.0 million, at an average price of $57.49 per share, leaving remaining authorization of $1.0 million under the existing program.
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