Sponsors
Billabong ▼ 0.000 | PPR ▼ -0.40 | American Apparel ▲ +0.020 | The Buckle ▼ -0.68 | Columbia ▲ +0.16 | Deckers Outdoor ▼ -1.33 | Dicks ▼ -0.45 | Foot Locker ▼ -0.91 | Genesco ▼ -1.76 | Iconix Brand Group ▼ -0.90 | Jarden Corp ▲ +0.06 | Nordstrom ▼ -0.29 | Luxottica ▲ +1.20 | Nike ▲ +0.08 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.17 | Sport Chalet - 0 | Urban Outfitters ▼ -0.26 | VF Corp ▼ -0.10 | Quiksilver ▼ -0.12 | Zumiez ▼ -0.60 | Macys ▼ -0.74 | Tillys ▼ -0.22 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Industry Insight

New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.

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