BNET Industries
Market Cap:$432.5M
Last Fiscal Year Sales:$1.5B
- Public
- US
Dow Jones Description
The Company is a leading retailer of branded footwear and of licensed and branded headwear, operating 2,228 retail footwear and headwear stores throughout the United States and Puerto Rico including 46 headwear stores in Canada as of November 1, 2008. The Company also designs, sources, markets and distributes footwear under its own Johnston & Murphy brand and under the licensed Dockers ® brand to more than 1,000 retail accounts in the United States, including a number of leading department, discount, and specialty stores. The Company operates five reportable business segments (not including corporate): Journeys Group, comprised of the Journeys, Journeys Kidz and Shi by Journeys retail footwear chains, catalog and e-commerce operations; Underground Station Group, comprised of the Underground Station retail footwear chain and e-commerce operations and the Companys remaining Jarman retail footwear stores; Hat World Group, comprised primarily of the Hat World, Lids, Hat Shack, Hat Zone, Head Quarters, Cap Connection and Lids Kids retail headwear chains and e-commerce operations; Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution; and Licensed Brands, comprised primarily of Dockers ® Footwear, sourced and marketed under a license from Levi Strauss & Company.
Chief Executive OfficerHal N. Pennington
Number of Employees 6,625
NAICS Code Shoe Stores: 448210
Recent Events
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BofA, Merrill Drama Revives Talk Of MAC Clauses
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Genesco Holds Steady in Q1
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SmarTrendR News: Analyst Upgrades - Wrap Up
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Genesco issues stock to retire debt
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Genesco posts weaker sales in the fourth quarter
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Directors: Remember the Basics
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Zacks` Discount Fundamental Strength Strategy Highlights: Health Fitness, Genesco, Spartan Motors and Steiner Leisure.
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Finish Line shares up after 3rd-quarter report 55 mins ago
News & Analysis
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genesco - All News and Analysis
Genesco Inc. F4Q09 (Qtr End 01/31/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Jeffrey Klinefelter – Piper Jaffrey Jeffrey Klinefelter – Piper Jaffrey Thanks for all the great information today, and congratulations on a strong start to the year. Couple questions on mall vacancies, if you could address...
Genesco Inc. F3Q09 (Qtr End 10/31/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first call comes from Jeffrey Klinefelter – Piper Jaffrey. Jeffrey Klinefelter – Piper Jaffrey A couple of questions for you. The first would be the online business or direct business versus the store business, it sounds like you had a very strong momentum through...
Weekly Insider Buying/Selling Wrap and Economic Reports Preview
For all the analysts and pundits in the financial media, there is still no better judge of a company's health and future prospects than the owners and executives of those companies themselves, along with major institutional shareholders. That's why insider buying and selling is a critical piece of data...
Genesco, Inc. F2Q09 (Qtr End 08/02/2008) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Scott Krasik - C.L. King & Associates. Scott Krasik - C.L. King & Associates Jim, maybe if you could just comment on inventory. 6% down is great. What is it on the same-store basis? I assume...
Genesco Inc. F1Q09 (Qtr End 05/03/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Your first question comes from John Shanley – Susquehanna International. John Shanley – Susquehanna International I wondered if you could give us a little bit further clarification in terms of the 380 basis point decline in Journeys operating income. Was it...
Genesco Inc. F4Q08 (Qtr End 02/08/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions We’ll go first to John Shanley with Susquehanna Financial. John Shanley – Susquehanna Financial Jim, the 15% increase in inventory, can you give us an idea of what components of the business that inventory is heavily concentrated in and how much of it may be...
OTCPicks.com Daily Market Movers Digest Midday Report for Monday, March 3rd OPTO, FINL, AXVC, STEN.
M2 PRESSWIRE-3 March 2008-OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Monday, March 3rd OPTO, FINL, AXVC, STENC1994-2008 M2 COMMUNICATIONS LTD RDATE:03032008 Our Stocks to Watch today include Optio Software (OTCBB: OPTO), The Finish Line, Inc. (NASD: FINL),...
Genesco Inc. F3Q08 (Qtr End 10/31/07) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions And, our first question will come from Mr. Jeff Klinefelter with Piper Jaffray. Please go ahead. Jeff Klinefelter – Piper Jaffray Yes. My questions, guys will focus on brand trend. You did discuss at length and it was helpful on the...
DEBT MAJOR ISSUE IN FINISH LINE'S SURPRISE GCO BUY.(Genesco Inc.)
Byline: Meredith Derby NEW YORK - Finish Line is changing the retail game, but the market is unsure how the company's $1.5 billion acquisition of Genesco will eventually play out. To be sure, Finish Line's surprise announcement of plans to...
Finish Line tops Foot Locker in $1.5B deal for Genesco
NASHVILLE, Tenn. AP -- Speciality retailer Finish Line Inc. said Monday it agreed to pay about $1.5 billion for footwear and accessories retailer Genesco Inc., which recently rejected a lower offer from Foot Locker Inc. Genesco shares rose more than 8 percent on news of the deal. ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Hal N. Pennington | Chief Executive Officer |
| James C. Estepa | Senior Vice President, Retail |
| Marty G. Dickens | President, AT&T of Tennessee |
| Paul D. Williams | Chief Accounting Officer |
| Paul S. Williams | Chief Accounting Officer |
| James S. Gulmi | Senior Vice President, Finance |
| John Caplan | Chief Executive Officer |
| John W. Clinard | Senior Vice President, Admin & Human Resources |
| Kenneth J. Kocher | Senior Vice President |
| Mimi E. Vaughn | Senior Vice President, Strategy and Business Development |
| Roger G. Sisson | Senior Vice President |
| Dennis Harris | Vice President, MIS |
| Jim W Bradford | Dean, Owen Graduate School of Management |
| Robert V. Dale | Director |
| William F. Blaufuss Jr. | Consultant |
| Ben T. Harris | Director |
| James S. Beard | Director |
| Kathleen Mason | Director |
| Leonard L. Berry | Director |
| Matthew N. Johnson | Treasurer |
| Robert Dennis | Director |
| William A. Williamson | Private Investor |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Claire McCall | Board of Directors |
| F Jr William | Board of Directors |
| Matthew C. Diamond | Board of Directors |
| W. Lipscomb Davis Jr. | Board of Directors |
| William S. Wire II | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Genesco Global, Inc. | President & CEO | Current |
| Genesco Inc. | Chief Executive Officer | Current |
| Pinnacle Financial Partners, Inc. | Board of Directors | Current |
| Mid-America Bancshares, Inc. | Board of Directors | Current |
| Johnston & Murphy Retail/Wholesale Stores | President & CEO | Former |
| Genesco Inc. | President | Former |
| Dockers Footwear | President | Former |
| Johnston & Murphy Co. | President | Former |
| Genesco Inc. | Chief Operating Officer | Former |
| Genesco Inc. | Executive Vice President | Former |
| Genesco Inc. | Senior Vice President | Former |
| Johnston & Murphy Co. | Vice President, Wholesale | Former |
| Genesco Inc. | Director | Former |
| Auburn University | Bachelor of Science Degree In Industrial Management | Former |
Jim Estepa, a 23-year Genesco veteran, was appointed president and chief executive officer of the Genesco Retail Group in November 2001, after being named senior vice president of Genesco in April 2000. He has served as president of the Journeys division, a leading destination footwear retailer for teens, since March 1999. Estepa joined Genesco in 1985 after more than 15 years of sales management experience with Kinney Shoe. He has held a number of positions within Genesco including: regional sales manager and director of operations for U.S. Retail, director of operations, operations general manager for Jarman and senior vice president of operations for Genesco Retail.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Chief Executive Officer, Retail Group | Former |
| Genesco Inc. | President, Journeys | Former |
MARTY G. DICKENS, 58, President, BellSouth-Tennessee. Mr. Dickens, who joined Genesco s board in 2003, has held a number of positions with BellSouth Corp. and its predecessors and affiliates since 1999, following more than six years as an executive vice president with BellSouth International. Mr. Dickens is also a director of SunTrust Bank-Tennessee and a number of charitable and community organizations.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | President, AT&T of Tennessee | Current |
| Genesco Inc. | Director | Current |
Paul Williams, a 32-year Genesco veteran, has served in a variety of accounting management roles. He joined the Company in 1977 as a junior accountant and was promoted to senior accountant in 1980. In 1993, he was named director of corporate accounting and financial reporting where he served until 1995 when he was promoted to the position of chief accounting officer. He is responsible for financial reporting, interpretation and implementation of the Company’s accounting standards and management of operational accounting functions. Additionally in October 2006, Williams was named vice president of Genesco. Williams earned his bachelor of science in accounting from Western Kentucky University.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Chief Accounting Officer | Current |
| Genesco Inc. | Director, Corporate Accounting and Financial Reporting | Former |
| Western Kentucky University | Bachelor of Science In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Chief Accounting Officer | Current |
| Genesco Inc. | Chief Accounting Officer | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Chief Financial Officer | Current |
| Genesco Inc. | Treasurer | Current |
| Genesco Inc. | Chief Executive Officer | Former |
| Genesco Inc. | President | Former |
| Genesco Inc. | Financial Analyst | Former |
| Outlook Nashville | Volunteer | Former |
| Crittenton Services | Volunteer | Former |
| Emory University | Master of Business Administration Degree | Former |
| Baldwin-Wallace College | Bachelor of Arts Degree In Business | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Johnston & Murphy Co. | President | Former |
| Johnston & Murphy Co. | Chief Executive Officer | Former |
| The Children's Group Inc | President | Former |
| Genesco Inc. | President, Laredo, Code West Division | Former |
| Service Merchandise Company, Inc. | Vice President, New Business Development and Strategy | Former |
| Vanderbilt University | Master of Business Administration Degree | Former |
| The University of Tennessee | Former |
John Clinard, senior vice president of administration and human resources, directs overall administrative and support functions for Genesco Inc. including human resources, general services, real estate, store construction, physical distribution and information systems. During his 34-year tenure with the Company, Clinard has served in a number of human resources positions, in support of wholesale, retail and corporate administration. He earned his undergraduate degree in economics and holds a master of arts degree in industrial and organizational psychology from Middle Tennessee State University.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Senior Vice President, Admin & Human Resources | Current |
| Middle Tennessee State University | Master of Arts Degree In Industrial and Organizational Psychology | Former |
| Organization | Position | Status |
|---|---|---|
| Hat World Corp. | President | Current |
| Hat World Corp. | Chief Financial Officer | Current |
| Genesco Inc. | Senior Vice President | Current |
| Genesco Inc. | President, Hat World | Former |
| Genesco Inc. | Corporate Officer | Former |
| University of North Dakota | Bachelor's Degree In Business Administration | Former |
Mimi Eckel Vaughn was named Genesco's vice president of strategy and business development in September 2003 then senior vice president in October 2006. Prior to joining the Company, Vaughn was executive vice president of business development and marketing and acting chief financial officer for Link2Gov Corporation in Nashville. From 1993 to 1999, she was a consultant at McKinsey & Company, based in Atlanta. During her tenure at McKinsey, Vaughn advised senior executives and board members of Fortune 500 companies in developing and implementing growth and performance improvement strategies, specializing in the consumer and retail sectors. Prior to joining McKinsey, she held various corporate finance positions at Goldman, Sachs & Co., Wasserstein Perella & Co. Inc. and Drexel Burnham Lambert. A member of Phi Beta Kappa and Phi Alpha Beta, she received a bachelor of science degree in foreign service and international economics from Georgetown University magna cum laude and earned a master of business administration degree from the Harvard Business School where she graduated with distinction. She presently serves on the Second Harvest Food Bank board.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Senior Vice President, Strategy and Business Development | Current |
| Second Harvest Food Bank of Middle Tennessee | Board Vice Chair | Current |
| Second Harvest Food Bank | Board of Directors | Current |
| Second Harvest Food Bank of Middle Tennessee | Board of Directors | Current |
| Georgetown University | Bachelor of Science Degree In Foreign Service and International Economics | Former |
Roger Sisson joined Genesco in 1994 as assistant general counsel and corporate secretary. He was promoted to legal counsel and corporate secretary in 1995, and corporate secretary and general counsel in 1996. Sisson was named vice president in November 2003 and promoted to senior vice president in October 2006. A native of Tennessee, Sisson received his undergraduate degree in history from The University of the South, where he was a Phi Beta Kappa. He earned his law degree from the University of Virginia, where he was an associate editor of the Virginia Law Review. Prior to joining Genesco, he was affiliated with the Nashville office of Boult, Cummings, Conners & Berry PLC, where he practiced corporate and securities law.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Senior Vice President | Current |
| Genesco Inc. | Secretary | Current |
| Genesco Global, Inc. | Vice President | Former |
| Pencil Foundation | Board Member | Former |
| University of Virginia | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Vice President, MIS | Current |
JAMES W. BRADFORD, 59, Dean, Owen Graduate School of Management, Vanderbilt University. Mr. Bradford, who joined Genesco s board in 2005, was named Dean and Ralph Owen Professor for the Practice of Management in the Owen Graduate School of Management of Vanderbilt University in 2005. He joined the Owen School faculty and administration in 2002. He was president and chief executive officer of United Glass Corporation from 1999 to 2001 and president and chief executive officer of AFG Industries, Inc. from 1992 to 1999.
| Organization | Position | Status |
|---|---|---|
| United Glass Corporation | CEO | Former |
| Vanderbilt University | Dean | Current |
| CLARCOR, Inc. | Board of Directors | Current |
| Genesco Inc. | Director | Current |
| Granite Construction Incorporated | Director | Current |
| Harpeth Consulting, LLC | Board of Directors | Current |
| Harpeth Capital, LLC | Board of Directors | Current |
| Granite Construction Incorporated | Nominating Committee Member | Current |
| United Glass Corporation | President | Former |
| AFG Industries, Inc. | President | Former |
| Vanderbilt University | J.D. Degree | Former |
| University of Florida | B.A. Degree In History and Political Science | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Consultant | Current |
| Genesco Inc. | Chairman | Current |
| SunTrust Bank, Nashville, N.A. | Director | Current |
| Martha White Foods Incorporated | President | Former |
WILLIAM F. BLAUFUSS, JR., 67 , Consultant, Certified Public Accountant. Mr. Blaufuss, who became a Genesco director in 2004, retired as a partner from the public accounting firm of KPMG LLP in 2000. He was associated with KPMG for 37 years in various capacities, including Nashville Practice Unit Managing Partner and Partner in Charge of the Southeast Area Public Section Practice. From 2000 to 2002, he performed special projects for KPMG International regarding its operations outside the United States. He is a director of Nashville Bank and Trust Company and several nonprofit and civic organizations including Saint Thomas Health Services. He is a member of the Tennessee State Board of Accountancy.
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Consultant | Current |
| Genesco Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Director | Current |
| Genesco Inc. | Chief Executive Officer | Former |
| Genesco Inc. | Manager | Former |
| Genesco Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Director | Current |
| Caterpillar Financial Services Corporation | President | Former |
| Caterpillar, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Tuesday Morning Corporation | President | Current |
| Viking Direct | Board of Directors | Current |
| Viking Uk Ltd | Board of Directors | Current |
| Hot Topic, Inc. | Director | Current |
| The Men's Wearhouse, Inc. | Director | Current |
| Genesco Inc. | Director | Current |
| Tuesday Morning Corporation | Board of Directors | Current |
| Consumer Growth Partners | CEO, Tuesday Morning | Former |
| HomeGoods, Inc. | President | Former |
| The TJX Companies, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Texas A&M University | Distinguished Professor, Marketing | Current |
| Genesco Inc. | Director | Current |
As CEO and founder of Alloy Media + Marketing, a pioneer in nontraditional marketing services with focus on the millennial market, Matt Diamond guides the company's strategic direction and oversees corporate development and management of its business units and assets. A keynote speaker for national industry events and conferences, Matt has appeared as a marketing expert on a number of national TV broadcasts including CNN, CNBC, and ABC World News Tonight. He has been featured in numerous high profile publications including the Wall Street Journal, The New York Times, Businessweek and Advertising Age. Matt leads company-wide efforts to contribute positively to the growing and influential Millennial population, serving on the board of DoSomething Inc, a non-profit youth organization, and as Director of Genesco, the owner of popular teen clothing retailer Journey's. Alloy contributes to several philanthropic causes such as the Ad Council, the ONDCP, and the National Heart Foundation. Prior to founding Alloy, Matt held positions in the Finance and Operations groups at the General Electric Company, also spending time at the company's Tokyo, Japan offices. Matt earned his B.A. in International Studies at University of North Carolina at Chapel Hill and received his MBA from the Harvard Graduate School of Business in 1996.
| Organization | Position | Status |
|---|---|---|
| Alloy, Inc. | Chairman, CEO & Treasurer | Current |
| Market Place Media | Current | |
| Genesco Inc. | Board of Directors | Current |
| ABC World News Tonight | Former | |
| The Wall Street Journal | Former | |
| Alloy, Inc. | Board of Directors | Former |
| Harvard Business School | MBA | Former |
| The University of North Carolina at Chapel Hill | BA in International Studies and Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Treasurer | Current |
| Genesco Inc. | Manager, Corporate Finance | Former |
| Genesco Inc. | Treasurer | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | President, CEO & COO | Current |
| Genesco Inc. | Chief Operating Officer | Former |
| Genesco Inc. | Executive Vice President | Former |
| Genesco Inc. | Senior Vice President | Former |
| McKinsey & Company, Inc. | Partner | Former |
| Hat World Corp. | Former |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Genesco Inc. | Private Investor | Current |
| Genesco Inc. | Director | Former |
Executive News
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Seven Elected to Graduate Management Admission Council Board of Directors
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Seven Elected to Graduate Management Admission Council Board of Directors
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Seven Elected to Graduate Management Admission Council Board of Directors
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Genesco Holds Steady in Q1
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Genesco Inc. said net sales
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Genesco reports first quarter gain, excluding one-time charges
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Genesco Slips to Loss in Q1 on Charges, Backs FY10 Earnings Outlook - Update
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Genesco Reports First Quarter Fiscal 2010 Results
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Genesco Reports First Quarter Fiscal 2010 Results
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Genesco Reports First Quarter Fiscal 2010 Results
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An Extraordinary Stumble At JetBlue
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