Genesco, the owner of Journeys and Lids, reported same-store sales for the quarter-to-date period ended Jan. 8, 2011,
increased 9% from the equivalent period last year, when same store
sales increased 1%.

Sales for the company's e-commerce and catalog direct sales businesses
increased 25% in the quarter-to-date period ended January 8, 2011.  Same
store sales changes for each retail segment for the period were as
follows:


QTD (Jan. 8, 2011)


Journeys Group

13%


Underground Station Group

-4%


Lids Sports Group

6%


Johnston & Murphy Group

13%


Total Genesco

9%





Based on the stronger than expected sales for the quarter to date, the company has increased its adjusted earnings per diluted share expectations to a range of $1.25 to $1.30 for the fourth quarter and $2.40 to $2.45 for the fiscal year ending Jan. 29, 2011.  The company's most recent previously announced earnings expectations were in the range of $1.23 to $1.28 per diluted share for the fourth quarter and $2.38 to $2.43 for the fiscal year. 

The adjusted earnings per share expectations do not reflect expected non-cash asset impairments and other charges, including costs related to the previously announced intrusion into the company's computer network, expected to be in the range of 7 cents to 11 cents per diluted share for the fourth quarter and 29 cents to 33 cents per diluted share for the fiscal year.  The company believes that providing an adjusted earnings per share estimate not reflecting these items will benefit investors by facilitating comparison with the company's previously announced expectations, which also excluded these items.

Genesco plans to announce its fourth quarter and fiscal year 2011 results on March 3, 2011.

The company also said that it is continuing to investigate the previously announced intrusion into a portion of its computer network that processes transactions in its United States Journeys, Journeys Kidz, Shi by Journeys and Johnston & Murphy stores, and in some of its Underground Station stores.  The investigation to date has indicated that, in addition to the payment card information previously identified as potentially at risk of compromise in the intrusion, some information related to check transactions (including bank routing, account, check, and drivers license numbers) in the affected stores may also have been accessible to the malicious software involved in the intrusion.  The company has no reason to believe that any customer name or address information was at risk of compromise in the intrusion.  As the company has previously reported, it took immediate steps to secure the affected part of its network and is confident that customers can safely use payment cards and checks in the company's stores.  Attached to this press release is additional information for customers concerning the intrusion.

Additional information on the intrusion into the company's computer network is available on the company's website at www.genesco.com/customerassistance.