Genesco announced a comprehensive IT transformation designed to modernize its technology infrastructure, improve speed and scalability, and accelerate AI‑enabled innovation across its multi‑brand portfolio.
The change will roll out in phases, partnering with a leading global technology provider and adopting new tools and ways of working. Management noted that some IT positions will be impacted, and the company will support affected employees through transition programs.
The transformation aligns with Genesco’s focus on digital and omnichannel capabilities, following a 30% share of retail sales from e‑commerce in Q4 FY2025 and a $2.3 billion net sales figure for FY2025. The company also closed 63 net stores in FY2025, underscoring a shift toward more efficient operations.
Management emphasized that the initiative builds on prior investments in cloud applications and AI platforms, and will enable more effective use of advanced technologies across its brands—Journeys, Schuh, Little Burgundy, and Johnston & Murphy—enhancing customer experience across all channels.
The phased rollout will support Genesco’s long‑term growth strategy across the U.S., Canada, U.K., and Ireland, and is expected to enhance operational flexibility and scalability for future digital initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.