Genesco news and archive

Johnston & Murphy unveils new look to transform perception

American heritage footwear and clothing brand Johnston & Murphy has launched a new brand campaign aimed at reshaping how customers think of the 174-year-old brand as it looks to inspire audiences and to show it is more than a dress shoe company. The Nashville-based brand, part of Genesco Inc., tapped creative agency Wolfgang to put a fresh lens...

Business

Schuh parent Genesco swings to Q1 loss, cuts guidance

Nashville-based specialty retailer Genesco has lowered its full-year outlook after swinging to a loss in the first quarter of the year. The company, whose portfolio includes Scottish footwear retailer Schuh, made a net loss of 18.9 million dollars in the three months to April 29 compared to a profit of 4.9 million dollars a year earlier. That...

Business

Schuh parent Genesco lowers FY earnings outlook

Nashville-based specialty retailer Genesco has lowered its full-year profit outlook amid higher industry-wide promotional activity and cost pressures. The company, whose portfolio includes Scottish footwear chain Schuh, now forecasts adjusted diluted earnings per share from continuing operations to be in the range of 5.5 dollars to 5.9 dollars....

Business

Matthew Bilunas and Carolyn Bojanowski to join Genesco’s board of directors

Genesco Inc., a Nashville-based specialty retailer has appointed two new independent directors Matthew M. Bilunas, chief financial officer of Best Buy Co., Inc., and Carolyn Bojanowski, executive vice president merchandising, Sephora USA, to its board of directors, effective January 29, 2023. Genesco also announced that current directors Matthew...

Business

Schuh parent Genesco swings to FY profit after strong Q4

Schuh parent company Genesco returned to the black in its fiscal 2022 year after the Nashville-based specialty retailer reported a strong fourth quarter. In the three months ended January 29, the company posted net sales of 728 million dollars, an increase of 14 percent compared to a year earlier and 7 percent compared to two years ago. For the...

People

Genesco appoints chief financial officer

Nashville-based speciality retail and branded company Genesco has appointed Tom George as its new chief financial officer. He is expected to serve in the role until at least March 2024. He has been in the position on an interim basis since December 2020. Earlier in his career, George spent nine years as chief financial officer of footwear...

People

Genesco chief financial officer steps down

US footwear and accessories retailer Genesco has announced that its chief financial officer (CFO) Melvin G. Tucker is stepping down on 27 November to pursue an opportunity outside of the company. CEO and board chair Mimi E. Vaughn, who was previously CFO, will take on the position in the interim while a search for Tucker’s successor is underway....

People

Genesco appoints John F. Lambros to board of directors

US footwear and accessories retailer Genesco has appointed John F. Lambros to its board of directors. Lambros is president of global investment bank GCA-US and has worked in the digital media and emerging technology markets for over 22 years. Genesco board chair and CEO Mimi E. Vaughn said in a statement: “As a footwear-focused company with...

People

Genesco names new chief financial officer

US footwear and accessories retailer Genesco has named Mel Tucker as the company’s new chief financial officer, effective June 24. Tucker joins Genesco with over 25 years of financial leadership with both publicly-held and privately-owned retail company experience. Most recently, he served as chief financial officer of New York-based Century 21...

People

Genesco names new Chief Operating Officer

Nashville-based retailer Genesco has appointed Mimi Eckel Vaughn to the role of Chief Operating Officer, effective today. She will continue to serve in her previous role as Chief Financial Officer as well, until a substitute is found. “Mimi has been a key contributor in the growth and expansion of the Company, and more recently her leadership as...

Business

Schuh workers to share 25 million pound bonus

High street footwear retailer Schuh is set to share a 25 million pound payout amongst its 3,500 employees following a number of successful years. News of the bonus comes not long after the retailer announced profits hit 11.5 million pounds for the year to February 1, 2015. "Despite real challenges for all high street retailers, Schuh is going...

Business

Gildan plans buy back, Genesco's shares plunge, Nike gets downgraded

Canadian family apparel supplier Gildan Activewear Inc. (GIL) announced its plan yesterday to buy back shares through private agreements between the company and a third-party seller. Gildan intends to purchase for cancellation up to 1,525,000 of its common shares, which will form part of Gildan's normal course issuer bid which provides...