Schuh news and archive

Genesco embarks on AI-driven transformation strategy, jobs losses expected

Wholesale and licensing firm Genesco has announced the launch of a strategic transformation following a review of the business, as pressure on profitability mounts. The plan will see the US company adopt a new operating model, which will roll out in phases. As a result of the process, some positions are expected to be impacted within the IT...

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Business

Genesco forms a global retail group to reach more customers

Genesco, the footwear company with more than 1,250 retail stores in North America, the UK and the Republic of Ireland, alongside a portfolio of owned and licensed lifestyle brands, has formed a global retail group uniting its Journeys, Schuh and Little Burgundy brands. The new venture will be called Journeys Global Retail Group and will be led...

Retail

Schuh turns post-consumer waste into shop fixtures

British footwear retailer Schuh has partnered with Conscious Creative Unit and waste design studio Are You Mad to transform its post-consumer waste materials, such as donated footwear, returns bags and pallet wrap, into usable and creative objects for its shop fixtures. The objects created include unique donation bins for Schuh’s ‘Sell Your...

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Schuh to slash workforce in bid to cut costs

Footwear retailer Schuh has begun a voluntary redundancy process among its staff as it bolsters efforts to cut costs. Speaking to The Scotsman, Schuh president, Colin Temple, said: “At Schuh, our people have and always will be our most important asset. Due to ongoing challenging economic conditions and rising costs, we have made the difficult...

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Retail|In Pictures

In Pictures: Schuh unveils gender neutral format at new Westfield White City store

Footwear retailer Schuh has opened a new hybrid store at Westfield London White City, which has taken on a gender neutral format while catering to both adults and kids. Throughout the 2,800 square metre space, the retailer intends to exhibit a shopping experience that encourages self-expression, as seen in a layout of brands and sportswear that...

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Business

Schuh UK posts strong growth in 2023 sales and profit

Footwear retailer Schuh’s turnover in the UK increased by 7.4 percent to 380.8 million pounds and footfall increased by 3.8 percent across its stores. The company said in a filing that ecommerce sales improved by 10 percent like for like. Ebitda for the year increased by 35.8 percent to 28 million pounds, pre-tax profit jumped by 56.8 percent to...

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Fashion

Schuh pioneers inclusive retail with single shoe sales initiative

UK-based fashion footwear retailer Schuh has announced the introduction of single shoe purchases across its entire store network. This initiative, set to launch on August 30th, aims to cater to customers with limb differences or disabilities who require only one shoe. The company will offer single shoes at a 50 percent discount, taken from new...

People

Schuh bolsters leadership team

Schuh, one of the UK’s leading footwear retailers, has named Stephanie Legg as chief marketing officer and Justin Lodge as chief digital officer, with immediate effect. Legg, who has more than 20 years of distributed commerce and multi-channel consumer marketing experience gained in-house and agency side across fashion, fin-tech, retail, FMCG,...

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Schuh parent Genesco swings to Q1 loss, cuts guidance

Nashville-based specialty retailer Genesco has lowered its full-year outlook after swinging to a loss in the first quarter of the year. The company, whose portfolio includes Scottish footwear retailer Schuh, made a net loss of 18.9 million dollars in the three months to April 29 compared to a profit of 4.9 million dollars a year earlier. That...

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Schuh parent Genesco lowers FY earnings outlook

Nashville-based specialty retailer Genesco has lowered its full-year profit outlook amid higher industry-wide promotional activity and cost pressures. The company, whose portfolio includes Scottish footwear chain Schuh, now forecasts adjusted diluted earnings per share from continuing operations to be in the range of 5.5 dollars to 5.9 dollars....

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Schuh parent Genesco swings to FY profit after strong Q4

Schuh parent company Genesco returned to the black in its fiscal 2022 year after the Nashville-based specialty retailer reported a strong fourth quarter. In the three months ended January 29, the company posted net sales of 728 million dollars, an increase of 14 percent compared to a year earlier and 7 percent compared to two years ago. For the...

Fashion

Schuh owner Genesco bans use of alpaca fleece

The owner of footwear retailer Schuh has become the latest company to ban the use of alpaca fleece in its products following the publication of an exposé by animal rights group Peta into the treatment of animals at a farm in Peru. Footwear and accessories retailer Genesco has agreed to ban the fibre from its portfolio of brands, which also...