FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 13, 2009 (January 13, 2009)
(Exact Name of Registrant as Specified in Charter)
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Tennessee
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1-3083
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62-0211340 |
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(State or Other Jurisdiction
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(Commission
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(I.R.S. Employer |
of Incorporation)
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File Number)
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Identification No.) |
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1415 Murfreesboro Road |
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Nashville, Tennessee
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37217-2895 |
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(Address of Principal Executive Offices)
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(Zip Code) |
(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01. |
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REGULATION FD DISCLOSURE. |
On January 13, 2009, Genesco Inc. issued a press release announcing same store sales by retail
segment and for the entire Company for the fourth fiscal quarter-to-date period ended January 10,
2009, commenting on its previously announced targets for same store sales for the entire fourth
quarter, and announcing that the Companys management will make a webcast presentation at the 11th
Annual ICR XChange Conference on Wednesday, January 14, 2009, at 9:40 a.m. Pacific Standard time.
The webcast may be accessed live through the Companys website, www.genesco.com. A copy of the
press release is furnished as Exhibit 99.1 to this Current Report on Form 10-K.
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ITEM 9.01. |
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FINANCIAL STATEMENTS AND EXHIBITS. |
(c) Exhibits
The following exhibit is furnished herewith:
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Exhibit Number |
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Description |
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99.1 |
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Press Release, dated January 13, 2009, issued by Genesco Inc. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
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Genesco Inc.
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By: |
/s/ Roger G. Sisson
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Name: |
Roger G. Sisson |
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Title: |
Senior Vice President,
Secretary and General Counsel |
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Date: January 13, 2009
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EX-99.1
Exhibit 99.1
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Financial Contact:
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James S. Gulmi (615) 367-8325 |
Media Contact:
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Claire S. McCall (615) 367-8283 |
GENESCO UPDATES FOURTH QUARTER
SAME STORE SALES GUIDANCE
Also Announces Participation in 11th Annual ICR XChange Conference
NASHVILLE, Tenn., Jan. 13, 2009 Genesco Inc. (NYSE: GCO) announced today that same store sales
for the quarter-to-date period ended January 10, 2009, were down 4%. Same stores sales for each
retail segment for the period were as follows:
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QTD (Jan. 10, 2009) |
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Journeys Group |
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-1% |
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Underground Station Group |
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-12% |
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Hat World Group |
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-4% |
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Johnston & Murphy Group |
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-16% |
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Total Genesco |
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-4% |
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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.
Genesco plans to announce its fourth quarter and fiscal year 2009 results on March 5, 2009.
Genesco also announced that management will present at the 11th Annual ICR XChange Conference
on Wednesday, January 14, 2009, at 9:40 a.m. (Pacific Standard Time). The audio portion of the
presentation will be webcast live and may be accessed through the Companys internet website,
http://www.genesco.com. To listen, please go to the website at least 15 minutes early to register,
download and install any necessary software.
Cautionary Note Concerning Forward-Looking Statements
This release contains forward-looking statements, including those regarding the fourth quarter
comparable sales outlook for the Company and all other statements not addressing solely historical
facts or present conditions. Actual results could vary materially from the expectations reflected
in these statements. A number of factors could cause differences. These include continuing
weakness in the consumer economy, fashion trends that affect the sales of the Companys retail
product offerings, changes in buying patterns by significant wholesale
customers, disruptions in product supply or distribution, and competition in the Companys
markets. Additional factors are cited in the Risk Factors, Legal Proceedings and Managements
Discussion and Analysis of Financial Condition and Results of Operations sections of, and
elsewhere, in our SEC filings, copies of which may be obtained from the SEC website, www.sec.gov,
or by contacting the investor relations department of Genesco via our website, www.genesco.com. The
Company notes specifically that there can be no assurance that it will achieve same store sales
increases at the Company average for the three weeks ended January 10 for the balance of the fourth
quarter. Many of the factors that will determine the outcome of the subject matter of this release
are beyond Genescos ability to control or predict. Genesco undertakes no obligation to release
publicly the results of any revisions to these forward looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated
events. Forward-looking statements reflect the expectations of the Company at the time they are
made. The Company disclaims any obligation to update such statements.
About Genesco Inc.
Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories
in more than 2,225 retail stores in the United States and Canada, principally under the names
Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids,
Hat Shack, Hat Zone, Head Quarters, Cap Connection and Lids Kids, and on internet websites
www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundstation.com,
www.johnstonmurphy.com, www.dockersshoes.com, www.lids.com and www.lidskids.com. The Company also
sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand.
Additional information on Genesco and its operating divisions may be accessed at its website
www.genesco.com.