Type | Public |
---|---|
Industry | Shoes, apparel |
Predecessor | Jarman Shoe Company; Genesco Shoe Company |
Founded | 1924 | (as Jarman Shoe Company)
Founders |
|
Headquarters | , U.S. |
Number of locations | 1,410 |
Area served | Worldwide |
Key people |
|
Products | Footwear, accessories |
Revenue | US$2.38 billion (2023) |
US$93.2 million (2023) | |
US$71.9 million (2023) | |
Total assets | US$1.46 billion (2023) |
Total equity | US$607 million (2023) |
Number of employees | c. 19,000 (2023) |
Subsidiaries |
|
Website | www |
Footnotes /references [1] |
Genesco Inc. is an American publicly owned specialty retailer of branded footwear and accessories and is a wholesaler of branded and licensed footwear based in Nashville, Tennessee. Founded as the Jarman Shoe Company in 1924 as a footwear manufacturer, the company changed its name to the General Shoe Company in 1931 and became a public company in 1939. The company took its current name, Genesco, in 1959. Genesco exited footwear manufacturing in 2002 and now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear. In June 2011, Genesco acquired U.K. retail chain and web business Schuh, which gave them an already well-established grounding in a market outside of the U.S.
James Franklin Jarman, J.H. Lawson and William Hatch Wemyss, all former salesmen for Carter Shoe Co. in Nashville, founded Jarman Shoe Company in 1924 as a footwear manufacturer. [2] The company grew rapidly and took the name General Shoe Company in 1931. General Shoe Company's initial public stock offering took place in 1939.
By the 1950s, General Shoe had factories in many southern towns, especially in Genesco's home state of Tennessee. The company assumed its current name, Genesco, in 1959, two years after it was chosen as one of the stocks in the first S&P 500 Index. [3] Under the leadership of W. Maxey Jarman, the ambitious son of co-founder J.F. Jarman, the company slowly began the process of diversifying away from strictly footwear manufacturing, especially as more of this was conducted overseas. It entered into fields such as sports, at one-time manufacturing and selling football (soccer) balls and at one point owned New York department store Bonwit Teller and five-and-dime store S. H. Kress & Co.
The company suffered from over-diversification at one point, and the ongoing manufacturing operations in the southern United States continued to depress results for a long period of time. The company was probably saved by its decision to reposition itself as a retailer. Genesco exited the business of shoe manufacturing when it closed Johnston & Murphy's Nashville, TN factory in 2002. Genesco now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear. [4] [1]
The following is a list of retailers and brands owned by and licenses held by Genesco:
Tully's Coffee is an American specialty coffee manufacturing brand owned by Keurig Dr Pepper, which acquired Tully's brand and wholesale business in 2009.
Wolverine World Wide, Inc. or Wolverine Worldwide, is a publicly traded American footwear manufacturer based in Rockford, Michigan. The shoemaker is known for its eponymous brand, Wolverine Boots and Shoes, as well as other brands, such as Hush Puppies and Merrell. The company also manufactures licensed footwear for other firms, such as Caterpillar and Harley-Davidson. In 2012, Wolverine World Wide added Saucony, Keds, Stride Rite and Sperry Top-Sider to its list of brands, after acquiring the Performance Lifestyle Group of Collective Brands in a $1.23 billion transaction that also involved the sale of Payless ShoeSource and Collective Licensing International to private equity firms Blum Capital Partners and Golden Gate Capital.
Foot Locker, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in over 40 countries.
Shoe Carnival Inc. is an American retailer of family footwear. The company operates 377 stores throughout the midwest, south, and southeast regions. It was founded by David Russell in 1978 and is headquartered in Evansville, Indiana.
Nine West Holdings is an American designer, marketer and wholesaler of branded clothing, shoes and accessories. In 2019, the company restructured under the new name Premier Brands Group Holdings Llc.
Brantano Footwear was a European chain of retail stores specialising in footwear for men, women and children, that was founded in Belgium.
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. Headquartered in Port Washington, New York, the chain operated 276 stores in 39 states before liquidating throughout 2008 and 2009.
Lids or Hat World, Inc. is an American retailer specializing in athletic headwear. It primarily operates under the Lids brand with stores in the U.S., Puerto Rico, Canada, Australia, France, Germany, and the United Kingdom plus various websites. The majority of the stores operate in shopping malls and factory outlet centers.
The ALDO Group branded as ALDO, is a Canadian multinational corporation retailer that owns and operates a worldwide chain of shoe and accessories stores. The company was founded by Aldo Bensadoun in Montreal, Quebec, in 1972, where its corporate headquarters based in the Montreal borough of Saint-Laurent, Quebec, remain. It has grown to become a worldwide corporation, with nearly 3,000 stores across 100 countries, under three retail banners: ALDO, Call It Spring/Spring and GLOBO. Stores in Canada, the U.S., the U.K., and Ireland are owned by the Group, while international stores are franchised. The company once operated the now closed or rebranded banners Little Burgundy, Simard & Voyer, Christian Shoes, Access, Pegabo, Transit, Stoneridge, Locale, Feetfirst and FIRST.
Thom McAn is an American brand of shoes and was formerly a retail chain. It is currently sold in Kmart and Sears stores. It consists of leather-dress, casual, and athletic shoes. Until the 1990s, Thom McAn had hundreds of retail stores in the US, and was one of the oldest and best-known shoe retailers in the country. As of late 2008, the brand was controlled by Sears Brands, LLC.
Nine West, also known as 9 West, is an American online fashion retailer which is based in White Plains, New York. It was founded in 1983 and closed its brick and mortar stores business in 2018. Its products continue to be sold at other retailers.
Johnston & Murphy is an American footwear and clothing company based in Nashville, Tennessee. Johnston & Murphy designs, sources, markets and distributes footwear, apparel, leather goods and luggage. A subsidiary of Genesco Inc., the Johnston & Murphy Group operates retail and wholesale businesses.
schuh is a Scottish footwear retailer based in Livingston, Scotland. It has 132 stores in the United Kingdom and Ireland. The company is predominantly a branded shoe stockist, selling over 80 brands, including: Converse, Vans, UGG, Nike, Adidas as well as its own schuh label.
Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. Its headquarters is located in Clayton, Missouri, a suburb of St. Louis. Founded in 1878 as Bryan, Brown & Company in St. Louis, it underwent several name changes; for a time, the Hamilton-Brown Shoe Company was the largest manufacturer of shoes in America. It went bankrupt in June 1939.
Pepkor is a South African-based investment and holding company focused on the discount and value consumer retail and fintech markets. The majority of operations are in South Africa, and operations extend to other African countries and Brazil. It manages retail brands, selling predominantly clothing, footwear, and homeware products, in addition to household furniture, appliances, consumer electronics, and building materials.
Wayne Elsey is the founder and former CEO of Soles4Souls, a Nashville-based nonprofit organization that collects shoes from footwear companies and shoe drives. After leaving Soles4Souls in 2012, he established Elsey Enterprises, a branding and marketing firm. In 2013 founded Funds2Orgs, a social enterprise for helping nonprofit organizations raise funds.
Weyco Group is an American footwear company that designs, markets and distributes brand names including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters and Umi. The company, which focuses on North American wholesale and retail distribution, has been assembled by a series of acquisitions.
Edison Brothers Stores, Inc., was a retail conglomerate based in St. Louis, Missouri. It operated numerous retail chains mainly located in shopping malls, mostly in the fields of shoes, clothing and entertainment, with Bakers Shoes as its flagship chain. The company was liquidated and condemned in 1999, though some of the chains it operated continued under different owners.
Bargain Hunt, formerly Essex Bargain Hunt, is an American discount store chain. Founded in 2004, Bargain Hunt is headquartered in La Vergne, Tennessee with retail locations in Tennessee, Ohio, Indiana, Kentucky, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Arkansas.
Journeys is a specialty chain retailer, owned by Genesco, of branded fashion footwear and accessories with approximately 1,200 stores nationwide. Journeys operates five retail concepts across North America including Journeys, Journeys Kidz, Shi by Journeys, Underground by Journeys and Little Burgundy. Journeys is focused on "quickly shifting fashion footwear trends.", and is described as the anti-Foot Locker.