Genesco Inc. operates as a leading retailer and wholesaler of branded footwear, apparel and accessories.
During Fiscal 2025, the company operated four reportable business segments: Journeys Group, which consisted of the Journeys, Journeys Kidz, and Little Burgundy retail footwear chains, and e-commerce operations; Schuh Group, which consisted of the Schuh retail footwear chain and e-commerce operations; Johnston & Murphy Group, which consisted of Johnston & Murphy retail operations, e-commerce...
Genesco Inc. operates as a leading retailer and wholesaler of branded footwear, apparel and accessories.
During Fiscal 2025, the company operated four reportable business segments: Journeys Group, which consisted of the Journeys, Journeys Kidz, and Little Burgundy retail footwear chains, and e-commerce operations; Schuh Group, which consisted of the Schuh retail footwear chain and e-commerce operations; Johnston & Murphy Group, which consisted of Johnston & Murphy retail operations, e-commerce operations, and wholesale distribution of products under the Johnston & Murphy brand; and Genesco Brands Group, which consisted of the licensed Dockers, Levi's, and G.H. Bass brands, as well as other brands the company licenses for footwear. The company also sources, designs, markets, and distributes footwear under the Johnston & Murphy brand, and the licensed Levi's, Dockers, and G.H. Bass brands, as well as other brands it licenses for footwear to over 950 retail accounts in the United States, including a number of leading department, discount, and specialty stores, as well as e-commerce retailers.
The company operated various retail footwear, apparel, and accessory stores located primarily throughout the United States and in Puerto Rico, including footwear stores in Canada, and footwear stores in the United Kingdom (‘U.K.’) and the Republic of Ireland (‘ROI’).
The majority of the company’s stores are located within shopping malls, and depend to varying degrees on consumer traffic in the malls to generate sales. The company sources footwear and accessory products from foreign manufacturers located in Brazil, Cambodia, Canada, China, Hong Kong, India, Indonesia, Italy, Mexico, Pakistan, Portugal, Peru, Spain, Turkey, and Vietnam. The company’s Journeys Group and Schuh Group businesses sell primarily branded products from third parties who source primarily overseas.
Strategy
Across the company, it aspires to create and curate leading footwear brands that represent style, innovation, and self-expression, and to be the destination for its consumers' favorite fashion footwear. Each of the company’s businesses has a strong strategic position grounded in a deep and ever-evolving understanding of the customers it serves. The company has aligned its footwear-focused strategy around six pillars aimed at accelerating its transformation and leveraging synergies to drive growth and sustainable profitability, accelerate digital to grow direct-to-consumer, maximize the relationship between physical and digital channels, build deeper consumer insights to strengthen customer relationships and brand equity, intensify product innovation and trend insight efforts, and pursue synergistic acquisitions that add growth and create shareholder value.
Segments
Journeys Group
Journeys stores target customers in the 13 to 22 year age group through the use of youth-oriented decor and multi-channel media. Journeys stores carry predominantly branded merchandise across a wide range of prices. The Journeys Kidz stores sell footwear and accessories primarily for younger children, toddler age to 12 years old. Little Burgundy stores sell footwear and accessories to fashion-oriented men and women in the 21 to 34 year age group, ranging from students to young professionals.
The Journeys Group operated various stores, including some Journeys stores, some Journeys Kidz stores, and some Little Burgundy stores averaging approximately 2,075 square feet, located primarily in malls and factory outlet centers throughout the United States, Puerto Rico, and Canada, selling footwear and accessories for young men, women, and children. The Journeys Group's e-commerce websites include the following: journeys.com, journeyskidz.com, journeys.ca, and littleburgundyshoes.com.
Schuh Group
Schuh Group stores target teenagers and young adults in the 16 to 24 year age group, selling a broad range of branded casual and athletic footwear, along with a meaningful private label offering. The Schuh Group operated various Schuh stores, averaging approximately 4,950 square feet, which include both street-level and mall locations in the U.K. and the ROI. The Schuh Group's e-commerce websites are schuh.co.uk, schuh.ie, and schuh.eu.
Johnston & Murphy Group
All sales of Johnston & Murphy Group's retail and wholesale businesses are of the Genesco-owned Johnston & Murphy brand.
Johnston & Murphy Retail Operations. The Johnston & Murphy Group operated various retail shops and factory stores in the United States averaging approximately 1,900 square feet, and selling footwear, apparel, and accessories primarily for men in the 25 to 55 year age group. Johnston & Murphy retail shops are located primarily in higher-end malls and airports nationwide, and sell a broad range of men’s casual and dress footwear, apparel, and accessories. Women’s footwear, apparel, and accessories are sold in select Johnston & Murphy locations. The company also sells Johnston & Murphy products directly to consumers through the johnstonmurphy.com e-commerce website. The Johnston & Murphy Group closed a net of eight shops and factory stores, including four shops and one factory store in Canada, in Fiscal 2025.
Johnston & Murphy Wholesale Operations. Johnston & Murphy men’s and boy's footwear, apparel, and accessories, along with women's footwear, are sold at wholesale, primarily to better department stores, independent specialty stores, and e-commerce retailers. Johnston & Murphy’s wholesale customers offer the brand’s footwear for dress, dress casual, and casual occasions, with the majority of styles offered in these channels selling from $100 to $195.
Genesco Brands Group
Genesco Brands Group designs and sources licensed footwear under the Levi's, Dockers, and G.H. Bass brand names, among others. The Levi's brand license and the G.H. Bass brand license were entered into concurrently with the Togast acquisition. The company designs and sources Levi's branded footwear and markets it to men, women, and children through department and specialty stores, and off-price retailers across the country, as well as e-commerce retailers. Suggested retail prices for Levi's footwear generally range from $35 to $100. Dockers footwear is marketed to men aged 30 to 55 through many of the same national retail chains that carry Dockers pants and sportswear, and in department and specialty stores across the country. Suggested retail prices for Dockers footwear generally range from $40 to $90. In the fourth quarter of Fiscal 2022, the company signed a licensing agreement with STARTER to be their exclusive U.S. and Canadian footwear licensee for athletic footwear. The company designs and sources the STARTER brand footwear for men, women, and children, with suggested retail prices ranging from $49 to $120. In the second quarter of Fiscal 2023, the company signed a licensing agreement with PONY to be their exclusive U.S. footwear licensee for athletic footwear for men, women, and children, with suggested retail prices ranging from $75 to $250, including a Limited Edition 50th anniversary version for $250. The Genesco Brands Group e-commerce website is nashvilleshoewarehouse.com.
Manufacturing and Sourcing
The company relies on independent third-party manufacturers for the production of its footwear products sold at Johnston & Murphy Group and Genesco Brands Group. The company sources footwear and accessory products from foreign manufacturers located in Brazil, Cambodia, Canada, China, Hong Kong, India, Indonesia, Italy, Mexico, Pakistan, Portugal, Peru, Spain, Turkey, and Vietnam. The company’s Journeys Group and Schuh Group businesses sell primarily branded products from third parties who source primarily overseas.
Licenses
The company owns its Johnston & Murphy brand and owns or licenses the trade names of its retail concepts either directly or through wholly-owned subsidiaries. The Dockers footwear line, introduced in Fiscal 1993, is sold under a license agreement granting the company the exclusive right to sell men’s footwear under the trademark in the United States, Canada, and the Caribbean. The current Dockers license agreement expires November 30, 2027. The company entered into a new license agreement with Levi Strauss & Co. in January 2020 for the right to sell men's, women's, and children's footwear under the Levi's trademark in the United States and the Caribbean. The company agreed with Levi Strauss & Co. to extend the license under modified terms through February 2026, and it could be extended through May 2026 if certain conditions are met. The STARTER license agreement expires December 31, 2026, with a 3-year renewal option. The PONY license expires December 31, 2025, with a 3-year renewal option. The company licenses certain other footwear brands, mostly in foreign markets. License royalty income was not material in Fiscal 2025.
Seasonality
The company’s business is seasonal, with its investment in working capital normally reaching peaks in the spring and fall of each year, and a significant portion of its net sales and operating income generated during the fourth quarter (year ended February 1, 2025). The wholesale backlog is somewhat seasonal, reaching a peak in the spring. The company maintains in-stock programs for selected product lines with anticipated high-volume sales.
History
Genesco Inc. was incorporated in the state of Tennessee in 1934.