Genesco Quarter-to-Date Comps Down 4%

Genesco Inc. said same store sales for the quarter-to-date period ended Jan. 10, 2009, were down 4%. Among the
divisions, comps at Journeys Group for the quarter-to-date are down 1% and Hat World Group is down 4%

Same store sales for each retail segment for the period were as follows:

    Journeys Group                        -1%

    Underground Station Group        -12%

    Hat World Group                       -4%

    Johnston & Murphy Group           -16%

    Total Genesco                          -4%

The company said that same-store sales were stronger during the last three weeks of the quarter-to-date period than previously in the quarter. If this trend continues for the balance of the quarter, the company expects to achieve the lower end of its previously announced same store sales target range of -1% to -4% for the quarter.

The company also said that it is not currently updating its previously announced fourth quarter earnings expectations. Final fourth quarter earnings will depend on same store sales for the balance of the quarter and quarter-end accounting adjustments, among other factors.