Genesco board votes to buy back 7% of shares

Move does not lift stock on down day for markets
Sep 22, 2015 2:21 PM

Swiftwick moves to protect slogan against Texas nonprofit

Sock maker says Austin group infringing on 'Do what moves you'
Sep 11, 2015 7:14 AM

Premium jeans brand to open Edgehill Village store

10-year-old venture to be near Warby Parker
Sep 8, 2015 2:38 PM

Genesco execs feel better about Lids inventory cuts

Trimming should be at high end of target by late this year; Macy's partnership tweaks show promise
Sep 8, 2015 7:10 AM

Belmont alumna's golf apparel venture takes off

Over at our sister blog Southern/alpha, Ayumi Fukuda Bennett has the story on the promising start of Sydney Elizabeth, a women's golf apparel company launched last year by Belmont then-student Sydney Hudson. Since launching formally online, the business has run through its inventory twice and Hudson now is working on custom gear for eight high school and college teams.

Though the business is still very young, Hudson’s next big goal is to be a vendor at the PGA Merchandise Show within the next year. And as she continues to grow her online traffic and physical presence in more stores, her golf apparel has extended to all customers who seek trendy, functional attire.

“A lot of girls buy them to wear with a t-shirt and sandals to go shopping or lunch with their friends!” said Hudson. “It has taken off faster than I ever imagined and I feel so blessed to get to wake up every morning and do what I love. I have God, my family, and friends to thank for that.”

Jul 31, 2015 11:44 AM

New CEO for Mephisto USA

Comfort shoe maker Mephisto has hired a familiar face to be the next leader for its U.S. operations, which are headquartered in Cool Springs. Effective Saturday, Michael Crosno is back in the job he also held until 2010. He replaces Rusty Hall, who recently moved to rival Abeo Footwear to be president of its wholesale division. For the past five years, Crosno had been with Munro & Co.

Footwear News has more info here.

Jul 31, 2015 7:06 AM

Analyst action: Pinnacle, Genesco

Analysts at Zacks Investment Research have hiked their rating on shares of Pinnacle Financial Partners. They now rate the Nashville-based bank holding company a 'buy' instead of a 'hold' and see the shares climbing to $59 in the coming quarters. Pinnacle (Ticker: PNFP) ended last week at $53.10.

At Macquarie, Laurent Vasilescu and Stephanie Wakeham have begun covering shares of apparel retailer Genesco with a 'neutral' rating that balances the strong performance at the company's Journeys brand with the struggles of its Lids concept. Their target for Genesco (Ticker: GCO) is $69, about 10 percent higher than where the stock finished Friday's session.

Jul 27, 2015 8:41 AM

Above all, stay true

From YouTube to T-shirts to floats, Olan Rogers champions authentic connections
Jun 21, 2015 9:35 AM
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Fashion for civilians and the military alike

Omega founder and ex-Ranger Dean Wegner expands clothing manufacturing empire
Jun 21, 2015 9:15 AM
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Piper Jaffray analyst says 'wait and see' on Genesco, trims target

Piper Jaffray analyst Erinn Murphy weighed in this week with some thoughts on Genesco's recent disappointing earnings report and the outlook for the retailer's shares. She says investors will need to be patient for a while and that this year's holiday shopping season will provide an important read on how Genesco CEO Bob Dennis and his team have done cleaning up the inventory at their Lids division. Without a near-term catalyst, Murphy has trimmed her EPS forecast and lowered her price target for Genesco to $67 from $69. The stock (Ticker: GCO) is changing hands this morning at $67.16.

Jun 12, 2015 10:14 AM