Genesco, Inc.

Pleasant Prairie, Wis. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Plaza at Prairie Ridge located in Pleasant Prairie (Kenosha County), Wisconsin. The 9,035-sq.-ft. three-tenant center was purchased by Mark Cosenza, VP of Oak Brook, Illinois-based Inland Real Estate Acquisitions, Inc. The seller was Milwaukee-based Evo Properties, LLC.
 

Nashville, Tenn. - Genesco Inc. has selected DiCentral to help streamline the company’s supply chain management processes and provide better exchanges of data with suppliers. Genesco selected DiConnect Enterprise as its EDI (EDI/INT) solution.

In addition to connecting with the DiCentral Network, Genesco also plans to use DiConnect to exchange data with its large suppliers. DiConnect is a scalable, Internet EDI solution for enterprises seeking to exchange purchase orders, invoices and other business documents with trading partners.

Despite a strong increase in same store sales, Genesco’s CEO says the company remains cautious about the rest of the fourth quarter.

Genesco Inc. reported that its same store sales, including both stores and direct sales, increased 10% for the quarter-to-date period ended Jan. 3, from the equivalent period last year. Same store sales increased 9% and sales for the company's e-commerce and catalog direct sales businesses increased 25% on a comparable basis for the period.

  Goleta, Calif. - Deckers Brands has appointed Nelson Chan, chairman of the board of directors of Redbox and Coinstar parent company Outerwall, to the company's board of directors. Maureen Conners will step down from the Deckers board at year-end to pursue other activities.  

Nashville, Tenn. — Genesco Inc. announced that James S. Gulmi, senior VP and CFO, will retire at the end of its current fiscal year.  He will be succeeded as CFO by Mimi E. Vaughn, the company's current senior VP —strategy and shared services.   Gulmi, who has served as Genesco's CFO since 1986, will continue as senior advisor to the company for at least the  next year.    

Genesco detailed succession plans for its CFO on a day that the company also reported weaker-than-expected earnings for the fiscal third quarter and lowered its outlook for the full year.

Goleta, Calif. — Ugg Australia, a division of Deckers Brands, has taken its omnichannel commitment to a new level with the opening of its store in Tysons Galleria, McLean, Va. The technology-driven, 2,110-sq.-ft. store features the latest in omnichannel solutions and RFID innovations that combine to make for a more seamless and connected customer experience.   

Goleta, Calif. -- UGG parent company Deckers Brands announced the grand opening of its first-ever UGG Australia technology-driven concept store, located in the Washington, D.C. metropolitan area.    

New York - MG Properties, the real estate investment and development arm of McCourt Global, is entering an equity and development partnership with Hines, the international real estate firm, on the development of its mixed-use project at 360 Tenth Ave. in New York City. MG Properties and Hines have selected SHoP Architects to design the project.

In 2013, 360 Tenth Avenue was purchased from Sherwood Equities for approximately $167.5 million. The property is zoned for up to 733,406-sq.-ft. of Total Zoning Floor Area (ZFA).

Nashville, Tenn. - Genesco Inc. recently extended its relationship with EarthLink, with future plans to use the network in new ways to enhance the customer shopping experience. A longtime EarthLink customer, Genesco relies on a private EarthLink MPLS network to run all in-store point-of-sale, inventory management and employee communications and training in its Johnston & Murphy, Journeys, Journeys Kidz, Underground by Journeys and Shï by Journeys stores.