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Genesco, Inc.

  • Levi names head of Docker's brand

    SAN FRANCISCO — Levi Strauss & Co has named longtime apparel executive Seth Ellison president of the global Dockers brand effective Sept. 10.

  • Genesco Q2 profit up, raises full-year outlook

    Nashville, Tenn. -- Genesco Inc.'s profit topped estimates for the eighth quarter in a row amid increased store traffic. The company raised its full-year earnings outlook for the second time this year.

    Genesco, which operates stores under such banners as Journeys, Lids, Johnston & Murphy and Schuh banners, said its adjusted quarterly profit rose to $12.1 million from $5.2 million in the year-ago period.

    Revenue rose 15% to $543.5 million.Same-store sales were up 4%.

  • Genesco Q4 income beats expectations

    Nashville, Tenn. -- Footwear retailer Genesco Inc. said its fourth-quarter net income from continuing operations rose to $41.5 million from $31.4 million a year ago. Its results easily topped Wall Street expectations.

    Revenue in the quarter rose 29% to $723 million. Same-store sales increased 12%. By brand, same-store sales were up 13% at Lids Sports Group and 14% at the Journeys Group. Johnston & Murphy Retail’s sales increased by 8%, and Underground Station decreased by 4%.
     

  • Thurgood Marshall, Jr. named to Genesco board

    NASHVILLE, Tenn. — Genesco has appointed Thurgood Marshall, Jr. to its board of directors. Marshall is a partner in the Washington, D.C. office of Bingham McCutchen LLP. He also serves on the boards of Corrections Corporation of America, Ethics Resource Center, and the Ford Foundation and as chairman of the board of governors of the United States Postal Service.

  • Genesco narrows loss in Q2, raises full-year outlook

    Nashville, Tenn. – Genesco, parent to the Journeys, Lids and Johnston & Murphy banners, reported Wednesday a loss of $392,000 for the quarter ended July 31, compared with a loss of $3.2 million in the year-ago period.

    Sales rose 29% to $471 million, from $364 million. Same-store sales surged 14%, with the Lids Sports Group up 12%, the Journeys Group up 15%, the Johnston & Murphy Group up 17%, and the Underground Station Group up 10%.

    The company said it is raising its fiscal 2012 guidance, based on the performance.

  • Brand Athletics changes name to Lids Team Sports

    Tigard, Ore. -- Regional sports dealer Brand Athletics said Thursday it will operate solely under the name Lids Team Sports, a division of Indianapolis-based Lids Sports Group. Lids acquired Brand Athletics in 2010.

    The Lids Sports Group, operating within Genesco subsidiary Hat World, is comprised of the Lids retail headwear stores, the Lids Locker Room specialty fan retail chain, the Lids Clubhouse retail stores, the Lids Team Sports wholesale team sports business and its Internet businesses.
     

  • Genesco acquires 59-store U.K. retailer

    Nashville, Tenn. -- Genesco announced Thursday that it has acquired Schuh Group, a specialty retailer of casual and athletic footwear based in the United Kingdom.

    The purchase price was $159 million.

    Headquartered in Scotland, Schuh operates 59 stores in the United Kingdom and Republic of Ireland, 16 concessions in Republic apparel stores and one of the U.K.'s largest online shoe websites. 

  • Staples forms alliance with Swiss office products company

    FRAMINGHAM, Mass. -- Staples announced that it has formed a new strategic alliance with one of the leading Swiss office products companies, Büro Schoch Direct AG. Within Switzerland, Staples and Büro Schoch Direct will work together exclusively on international accounts and collaborate to exchange best practices, the company reported.

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