Genesco news and archive

Genesco names Tomas Petersson president of Schuh as Colin Temple retires

Genesco has appointed Tomas Petersson as president of Schuh, its U.K. footwear retailer aimed at young consumers, the company said on Monday. Petersson succeeds Colin Temple, who is retiring after 38 years with the business. Petersson joins from Foot Locker, where he was senior vice president and general manager, EMEA, running the company's...

Retail

All Three Proxy Advisory Firms Side With Genesco Ahead of July 21 Vote

All three major independent proxy advisory firms have sided with Genesco Inc.'s existing board ahead of the footwear retailer's annual shareholder meeting set for July 21, dealing a setback to activist investor Bradley Radoff's push for boardroom change. Glass Lewis, Egan-Jones, and Institutional Shareholder Services each recommended...

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Business

Genesco reports sales growth in first quarter

US footwear group Genesco reported a 3 percent increase in net sales for the first quarter of fiscal 2027, reaching 487 million dollars compared to 474 million dollars in the first quarter of fiscal 2026. The revenue increase was driven by a 2 percent rise in comparable sales, including a 3 percent gain in same store sales, which helped offset...

People

Ashley Randolph promoted to VP and chief accounting officer at Genesco

US footwear group Genesco has announced the appointment of Ashley Randolph as vice president and chief accounting officer, effective May 5, 2026. Randolph, a 20-year veteran of the company, most recently served as vice president and corporate controller, a position she has held since 2024. In her new capacity, Randolph will oversee the...

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Genesco embarks on AI-driven transformation strategy, jobs losses expected

Wholesale and licensing firm Genesco has announced the launch of a strategic transformation following a review of the business, as pressure on profitability mounts. The plan will see the US company adopt a new operating model, which will roll out in phases. As a result of the process, some positions are expected to be impacted within the IT...

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Genesco forms a global retail group to reach more customers

Genesco, the footwear company with more than 1,250 retail stores in North America, the UK and the Republic of Ireland, alongside a portfolio of owned and licensed lifestyle brands, has formed a global retail group uniting its Journeys, Schuh and Little Burgundy brands. The new venture will be called Journeys Global Retail Group and will be led...

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Business

Wrangler chooses Genesco for design and distribution of footwear line

Denim brand Wrangler wants to expand its presence in the footwear market. It has chosen to join the portfolio of wholesale distributor Genesco. Genesco will design, source and market footwear for men, women and children under the Wrangler brand. The two have signed a multi-year licensing agreement for this purpose. The two American companies...

People

Genesco names Kyle Polischuk as chief human resources officer

Footwear retailer Genesco has appointed Kyle Polischuk as chief human resources officer. “Kyle’s strategic leadership and exceptional track record building dynamic organizations, developing talent, and promoting strong cultures will make a tremendous impact on Genesco. Her rich knowledge of retail and digital commerce, along with her ability to...

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People

Genesco names new chief financial officer

Footwear company Genesco Inc. has appointed Cassandra “Sandra” Harris as senior vice president of finance and chief financial officer, effective October 7. Harris joins Genesco with experience in retail, finance, supply chain and information technology leadership and served as chief financial officer for direct-to-consumer, global supply chain...

Fashion

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...

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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...

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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....