Genesco Inc's Business Segments

Genesco Inc is a publicly traded American company that is primarily involved in the design, manufacture, and retail of footwear, clothing, and accessories. The company operates through four distinct business segments, including Journeys, Schuh Group, Johnston & Murphy group, and licensed brands.

The Journeys segment is the company's largest business unit, accounting for approximately 51% of its net sales in 2020. This segment operates more than 1,200 retail stores in the US and Canada that sell a wide range of footwear, accessories, and apparel for young adults.

The Schuh Group is a UK-based footwear company that operates more than 130 stores in the UK, Ireland, and Germany. This segment contributed around 22% of Genesco's net sales in 2020. Schuh Group sells various leading brands such as Nike, Adidas, and Reebok.

The Johnston & Murphy group is a leading retailer of men's footwear, apparel, and accessories. This segment has more than 200 retail stores across the US and Canada. This segment contributed around 16% of Genesco’s net sales in 2020.

Lastly, Genesco also has a licensed brand segment that includes the Dockers footwear brand. This brand is licensed to third-party manufacturers who make and sell footwear products under the brand name of Dockers.

Genesco was initially founded in 1924 as the Jarman Shoe Company in Nashville, Tennessee. The company was later renamed to Genesco in 1959. Over time, Genesco evolved into a multi-brand retailer through a combination of mergers and acquisitions.

As of 2021, Genesco employs more than 24,000 people worldwide and generates annual revenues of around $2 billion. The company's headquarters are located in Nashville, Tennessee. The company's stock is traded on the New York Stock Exchange under the ticker symbol "GCO".

Genesco Inc is a publicly-traded company that operates in several segments, with a diverse range of products and services.

1. Footwear Segment: Genesco's footwear segment includes several well-known brands, such as Journeys, Johnston & Murphy, Schuh, and Lids. Journeys is a shoe and accessory retailer that has a wide range of styles, including athletic, casual, and dress shoes, as well as backpacks, hats, and other accessories. Johnston & Murphy is a luxury shoe and apparel company that sells men's and women's footwear, apparel, and accessories. Schuh is a UK-based shoe retailer that specializes in trendy and unique shoe styles. Lids is a sports-themed hat and apparel retailer that offers licensed merchandise for professional sports teams.

2. Licensed Brands Segment: This segment includes several licensed brands that Genesco sells and distributes on behalf of the brand owners. Some of the licensed brands include Dockers, Levi's, and Michael Kors. These licensed products are sold through various channels, including department stores and specialty retailers.

3. Brands Segment: Genesco's brands segment includes several owned and licensed brands, including Johnston & Murphy, Trask, and Dockers. This segment designs, sources, and markets footwear, apparel, and accessories under these brands. Johnston & Murphy offers luxury footwear, apparel, and accessories for men and women. Trask offers premium leather boots, shoes, and accessories for men and women. Dockers is a casual apparel and footwear brand that offers relaxed and comfortable styles.

4. Retail Segment: The retail segment includes various stores, such as Journeys, Johnston & Murphy stores, and Johnston & Murphy Factory stores. The retail segment sells footwear, apparel, and accessories to consumers.

Overall, Genesco Inc offers various segments, including footwear, licensed brands, brands, and retail. Each of these segments offers a diverse range of products and services, catering to different target audiences. The company's brands are well-known, and its products are sold through various channels, including department stores and specialty retailers. Moreover, the retail segment allows the company to directly sell products to consumers.