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GENESCO EXPECTS STRONG GAINS FOR THE YEAR BUT LOWER SECOND QUARTER

 NASHVILLE, Tenn., June 22 /PRNewswire/ -- GENESCO Inc. (NYSE: GCO) today announced that it expects its results for the second quarter ending July 31, 1993, to be somewhat below the $1,574,000, or $.07 per share, reported for the second quarter last year.
 GENESCO Chief Executive Officer E. Douglas Grindstaff attributed the outlook for the second quarter primarily to production problems in the company's tailored clothing business and increased advertising and promotional expenses associated with the introduction and expansion of new footwear products.
 According to Grindstaff, production problems in tailored clothing are temporary and expected to be resolved shortly, and introduction of the new "J. Murphy" line of shoes and continued expansion of the "Dockers" footwear program are going very well.
 "We expect both footwear retailing and wholesaling to see strong sales growth in the second half of the year," Grindstaff said. "While there is potential for disruptions at the expiration this fall of our tailored clothing collective bargaining agreement, we expect GENESCO will show strong sales and earnings' gains for the year."
 GENESCO, headquartered in Nashville, is a consumer products company with operations concentrated in footwear and men's apparel.
 -0- 6/22/93
 /CONTACT: (Media) Teresa Miller Mangelsdorf, 615-367-8281, or (Financial) James S. Gulmi, 615-367-8325, both of GENESCO Inc./
 (GCO)


CO: GENESCO Inc. ST: Tennessee IN: REA SU: ERP

SB -- CH008 -- 4727 06/22/93 17:18 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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