Genesco, Inc.

NASHVILLE, Tenn. — Genesco, a specialty retailer of sports apparel and accessories reported fourth quarter earnings of $38.7 million, or $1.63 per diluted share, compared with earnings from continuing operations of $41.5 million, or $1.72 per diluted share, for the same period last year.

When UGG Australia began evaluating how shoppers wanted to engage with its brand, the footwear company — best known for its popular sheepskin boots — decided to augment its wholesale channel and digital presence with freestanding brick-and-mortar stores.

“Retail [freestanding stores] allows Deckers to showcase the UGG product in ways that many of our partners may be unable [to do],” said Yul Vanek, VP information technology for Deckers Outdoor, the Goleta, Calif.-based parent of UGG, Teva and other banners.

Nashville, Tenn. -- Genesco Inc. said Friday its third-quarter profit increased to $41 million, from $26.2 million in the year-ago period, better than Wall Street expected. The company also raised its fiscal 2013 outlook, even as it warned that November was off to a slow start.

NIWOT, Colo. — Casual footwear brand, Crocs, has announced that Dale Bathum has been appointed chief product officer, Mike DeBell has been named chief sales officer and Doug Hayes has taken the role of president of the Americas market. As chief product officer, Bathum will be responsible for overseeing ideation, design, development and introduction of Crocs products to the international marketplace, while DeBell will lead all Crocs global sales offices and direct-to-consumer sales in the role of chief sales officer.

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

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%.

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.

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%.
 

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.

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.