Genesco Statement

    NASHVILLE, Tenn., April 20 /PRNewswire-FirstCall/ -- Genesco Inc.
 ( GCO) confirmed today that it has received an unsolicited proposal
 from Foot Locker, Inc. to purchase all of Genesco's outstanding shares for
 $46 per share in cash. The nonbinding proposal is subject to due diligence
 and other conditions. The Company's Board of Directors intends to consider
 the proposal, with the assistance of its financial advisor, Goldman, Sachs
 & Co., and expects to respond in due course.
     Genesco Inc., a Nashville-based specialty retailer, sells footwear,
 headwear and accessories in more than 2,000 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, Cap Factory, Head Quarters and Cap Connection, and on
 internet websites http://www.journeys.com, http://www.journeyskidz.com,
 http://www.johnstonmurphy.com, http://www.lids.com,
 http://www.hatworld.com, and http://www.lidscyo.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 http://www.genesco.com.
     CONTACT: Financial Contact, James S. Gulmi, +1-615-367-8325
               Media Contact, Claire S. McCall, +1-615-367-8283, both of
               Genesco Inc.
 
 

SOURCE Genesco Inc.