Sponsors
Billabong ▲ +0.025 | PPR ▲ +4.25 | American Apparel ▼ -0.015 | The Buckle ▼ -0.49 | Columbia ▼ 0.00 | Deckers Outdoor ▼ -1.20 | Dicks ▲ +0.71 | Foot Locker ▼ -2.45 | Genesco ▲ +1.13 | Iconix Brand Group ▲ +0.08 | Jarden Corp ▼ -0.14 | Nordstrom ▲ +0.12 | Luxottica ▲ +0.99 | Nike ▲ +0.12 | Pacific Sunwear ▲ +0.12 | Skullcandy ▲ +0.13 | Sport Chalet - 0 | Urban Outfitters ▼ -0.13 | VF Corp ▲ +0.25 | Quiksilver ▲ +0.01 | Zumiez ▲ +0.17 | Macys ▲ +0.48 | Tillys ▲ +0.09 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
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

SIA SNOW SHOW: New "Industry + Intelligence" seminar on January 28.
FSG LAWYERS: Represented Brixton in recent transaction with Altamont Capital.
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