Results for "genesco"

Genesco Inc. delivered record second-quarter profitability for its footwear businesses that far exceeded expectations. Sales were up 25 percent at Journeys, up 48 percent at Schuh, and ahead 154 percent at Johnston & Murphy.

Genesco Inc. announced that, based on a preliminary vote count by its proxy solicitor, shareholders have voted overwhelmingly to re-elect all nine of Genesco’s director nominees to the Board of Directors at its 2021 Annual Meeting of Shareholders. A group of activist investors, led by Legion Partners Asset Management, had been urging shareholders to vote for four of its nominees.

Egan-Jones Proxy Services has joined Institutional Shareholder Services in recommending that Genesco shareholders vote for the company’s director nominees at its July 20 annual meeting.

Legion Partners, the activist shareholder group, received a third party recommendation in its proxy war with Genesco as Glass Lewis endorsed the investment firm’s director nominees Dawn H. Robertson and Hobart P. Sichel.

Genesco Inc. said that Institutional Shareholder Services (ISS), an independent provider of proxy research and vote recommendations to the institutional investment community, has recommended that Genesco shareholders vote for all nine of the company’s director nominees at Genesco’s annual meeting on July 20. Legion Partners, the activist shareholder group, described ISS’s recommendation as “contradictory” and continued to push for changes to the board.

Genesco Inc., which is facing a proxy fight against an activist investor, sent a letter to shareholders highlighting the “collective strength” of its Board of Directors and encouraging shareholders to vote for all nine of its board nominees.

Genesco Inc. filed its proxy materials with the Securities and Exchange Commission in connection with the company’s Annual Meeting of Shareholders that included a letter urging shareholders to vote for its Board’s nominated slate of directors. The move comes as the retailer faces a proxy fight against an activist investor.

Legion Partners Asset Management, the activist shareholder group, issued a statement urging Genesco Inc.’s Board to use a universal proxy card that would let shareholders choose from available candidates rather than pick the incumbent or challenger slates. The move comes after Genesco, on May 23, elected three new board members that included none of the seven candidates Legion Partners had proposed.

Genesco Inc. reported first-quarter results that came in well above Wall Street targets with a boost of record first-quarter revenue and profitability at Journeys.

Genesco Inc. announced that Parag Desai has been named Genesco’s senior vice president – chief strategy and digital officer. He previously served as senior vice president, strategy, and shared services since December 2014.

Legion Partners Asset Management LLC, an activist investor, has nominated seven directors to sit on the board of Genesco Inc., the parent of Journeys, according to a letter made public in a filing on Monday.

Genesco Inc. reported fourth-quarter earnings dropped 9.3 percent on an adjusted basis but Wall Street was expecting a significantly greater decline. Journeys achieved record operating income on a 2 percent comp gain. Companywide e-commerce sales jumped 53 percent.