Sponsors
Billabong ▲ +0.005 | PPR ▼ -2.30 | American Apparel ▼ -0.015 | The Buckle ▼ -0.04 | Columbia ▼ -0.63 | Deckers Outdoor ▼ -0.38 | Dicks ▲ +0.20 | Foot Locker ▼ -0.67 | Genesco ▼ -0.03 | Iconix Brand Group ▲ +0.21 | Jarden Corp ▼ -0.34 | Nordstrom ▼ -0.12 | Luxottica ▲ +0.26 | Nike ▲ +0.31 | Pacific Sunwear ▼ -0.01 | Skullcandy ▲ +0.33 | Sport Chalet - 0 | Urban Outfitters ▼ -0.60 | VF Corp ▼ -0.13 | Quiksilver ▼ -0.06 | Zumiez ▲ +0.04 | Macys ▲ +0.39 | Tillys ▲ +0.22 |
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Journeys parent makes international acquisition

By Tiffany Montgomery
June 23, 2011 6:17 AM

Journeys parent company, Genesco, announced this morning it has acquired Schuh, a shoe retailer based in the United Kingdom.

 

Schuh targets 15-24 year olds and has a similar product mix to Journeys.

 

Journeys is one of the biggest customers – if not the biggest - of many industry footwear brands.

 

Schuh, headquartered in Scotland, currently operates 59 stores and 16 concessions in the UK and the Republic of Ireland. In its latest fiscal year, Schuh recorded 164 million pounds in revenue, or about $270 million.

 

Schuh carries industry brands such as Vans, DC, éS and Toms, in addition to other casual and athletic brands and has a significant private label offering.

 

The acquisition is good news for the industry, as Genesco will likely expand the chain.

 

Genesco paid 100 million pounds for Schuh, with the potential for 25 million pounds more in incentives if targets are hit.

 

Genesco also reported that second quarter same stores sales through June 18 rose 15% for the Journeys Group.

 

Check back in the next hour for more details about this news, including Genesco's expansion plans. 

 

 

 

 

 

 

 

 

 


More on: Journeys, Schuh, Genesco

Articles You Might Have Missed