| Business Summary | | Genesco
Inc.
is
a
retailer
and
wholesaler
of
branded
footwear.
During
fiscal
2001,
the
Company
operated
five
reportable
business
segments
(not
including
corporate):
Journeys;
Jarman,
comprised
primarily
of
the
Jarman
and
Underground
Station
retail
footwear
chains;
Johnston
&
Murphy,
comprised
of
Johnston
&
Murphy
retail
stores,
direct
marketing
and
wholesale
distribution;
Licensed
Brands,
comprised
of
Dockers
and
Nautica
Footwear,
and
Leather.
The
Company
sold
certain
assets
of
its
Volunteer
Leather
business
on
June
19,
2000,
and
has
discontinued
all
Leather
segment
operations.
The
Company
has
also
ended
its
license
agreement
with
Nautica
Apparel,
Inc.
to
market
Nautica
footwear,
effective
January
31,
2001.
The
Company
will
continue
to
sell
Nautica-branded
footwear
for
the
first
six
months
of
fiscal
2002
in
order
to
fill
existing
customer
orders
and
sell
existing
inventory. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Genesco
is
a
retailer
and
wholesaler
of
branded
footwear.
The
Company
operates
retail
stores
principally
under
the
names
of
Journeys,
Johnston
and
Murphy
and
Jarman.
For
the
26
weeks
ended
8/4/01,
sales
rose
17%
to
$338.5
million.
Net
income
from
continuing
operations
applicable
to
Common
rose
24%
to
$14.4
million.
Revenues
reflect
significant
improvement
in
the
Journeys
store
business.
Earnings
also
benefitted
from
favorable
changes
in
product
mix. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Ben Harris, 57 Chairman,
CEO | $4.5M | $206K | Hal Pennington, 63 Pres,
COO, Director | 675K | 1.2M | James Gulmi, 55 CFO,
Sr. VP-Fin. | 493K | 1.1M | James Boscamp, 51 Sr.
VP | 491K | 1.3M | James Estepa, 49 Sr.
VP | -- | -- | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|