Sponsors
Billabong ▼ -0.005 | PPR ▼ -1.05 | American Apparel ▲ +0.110 | The Buckle ▲ +1.76 | Columbia ▲ +1.79 | Deckers Outdoor ▲ +1.45 | Dicks ▲ +0.88 | Foot Locker ▲ +0.55 | Genesco ▲ +2.83 | Iconix Brand Group ▲ +0.21 | Jarden Corp ▲ +0.66 | Nordstrom ▲ +0.93 | Luxottica ▲ +0.25 | Nike ▲ +1.29 | Pacific Sunwear ▼ 0.00 | Skullcandy ▲ +0.17 | Sport Chalet - 0 | Urban Outfitters ▲ +0.69 | VF Corp ▲ +1.82 | Quiksilver ▲ +0.13 | Zumiez ▲ +1.56 | Macys ▲ +0.75 | Tillys ▲ +0.11 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Industry Insight

AGENDA: GroupY's Emerge brand-building conference returns on Jan. 6.
SURFRIDER: "Protect What You Love" holiday appeal.
MOSS ADAMS: Plan now for tax season.
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