Exhibit 99.1

Financial Contact:	James S. Gulmi (615) 367-8325
Media Contact:	Claire S. McCall (615) 367-8283

GENESCO REPORTS THIRD QUARTER
FISCAL 2010 RESULTS
—Raises Fiscal Year 2010 Guidance—

NASHVILLE, Tenn., Nov. 24, 2009 — Genesco Inc. (NYSE:GCO) today reported earnings from continuing operations for the third quarter ended October 31, 2009, of $11.5 million, or $0.50 per diluted share, compared to earnings from continuing operations of $9.0 million, or $0.43 per diluted share, for the third quarter ended November 1, 2008. Fiscal 2010 third quarter earnings reflected pretax charges of $2.6 million, or $0.07 per diluted share, primarily related to fixed asset impairments. In addition, the third quarter of Fiscal 2010 reflected additional interest expense due to the adoption in the first quarter of Fiscal 2010 of FSP APB 14-1, a new accounting standard applicable to the Company’s convertible debt. Fiscal 2009 third quarter earnings included charges associated with merger related expenses, asset impairment and lease terminations, and other legal matters, and a higher effective tax rate. Fiscal 2009 earnings also included a restatement of interest expense required by the adoption of APB 14-1, which required retroactive application resulting in additional interest costs.

     Adjusted for the listed items in both periods, earnings from continuing operations were $12.3 million, or $0.53 per diluted share, for the third quarter of Fiscal 2010, compared to earnings from continuing operations of $9.5 million, or $0.43 per diluted share, for the third quarter of Fiscal 2009. For consistency with Fiscal 2010’s previously announced earnings expectations, which did not reflect the listed items, the Company believes that disclosure of earnings from continuing operations adjusted for those items will be useful to investors. A reconciliation of the adjusted financial measures to their corresponding measures as reported pursuant to U.S. Generally Accepted Accounting Principles is included in Schedule B to this press release.

     Net sales for the third quarter of Fiscal 2010 were $390 million, essentially even with the third quarter of Fiscal 2009. Comparable store sales in the third quarter of Fiscal 2010 decreased by

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2%. Comparable store sales in the Journeys Group decreased by 2%, the Hat World Group increased by 1%, Underground Station decreased by 6%, and Johnston & Murphy Retail decreased by 2%.

     Robert J. Dennis, president and chief executive officer of Genesco, said, “We are pleased with our third quarter earnings, which exceeded expectations thanks to improved gross margin and solid expense leverage, despite the lack of a sustained sales trend in the quarter. Comparable store sales for the first three weeks of November are down 3% from the same period last year. Nevertheless, given the consumer’s continued willingness to shop during the peak sales periods throughout the current economic downturn, the relatively easier comparisons later in the quarter, and our strong merchandise position, we remain optimistic about the Holiday selling season.

     “We are raising our fiscal 2010 guidance to reflect our strong third quarter results, and now expect earnings per share of $1.78 to $1.84 for the year. This guidance assumes fourth quarter earnings per share of $1.07 to $1.13, based on flat to slightly positive fourth quarter comparable store sales compared with -5% last year and subject to the same adjustments as our previous guidance.

     “As we look ahead, we are confident about both our near and long-term opportunities. We continue to build on our leadership status in our niche markets and remain confident in our ability to execute a strategy that will result in long-term growth and increased shareholder value.”

Cautionary Note Concerning Forward-Looking Statements

     This release contains forward-looking statements, including those regarding the performance outlook for the Company and its individual businesses, 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 adjustments to estimates reflected in forward-looking statements, continuing weakness in the consumer economy, especially to the extent that it depresses sales during the Holiday season, inability of customers to obtain credit, fashion trends that affect the sales or product margins of the Company’s retail product offerings, changes in buying patterns by significant wholesale customers, bankruptcies or deterioration in financial condition of significant wholesale customers, disruptions

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in product supply or distribution, unfavorable trends in fuel costs, foreign exchange rates, foreign labor and materials costs, and other factors affecting the cost of products, competition in the Company’s markets and changes in the timing of holidays or in the onset of seasonal weather affecting period-to-period sales comparisons. Additional factors that could affect the Company’s prospects and cause differences from expectations include the ability to build, open, staff and support additional retail stores and to renew leases in existing stores and to conduct required remodeling or refurbishment on schedule and at expected expense levels, deterioration in the performance of individual businesses or of the Company’s market value relative to its book value, resulting in impairments of fixed assets or intangible assets or other adverse financial consequences, unexpected changes to the market for our shares, variations from expected pension-related charges caused by conditions in the financial markets, and the outcome of litigation, investigations and environmental matters involving the Company. Additional factors are cited in the “Risk Factors,” “Legal Proceedings” and “Management’s 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. Many of the factors that will determine the outcome of the subject matter of this release are beyond Genesco’s 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.

Conference Call

     The Company’s live conference call on November 24, 2009, at 7:30 a.m. (Central time) may be accessed through the Company’s internet website, www.genesco.com. To listen live, please go to the website at least 15 minutes early to register, download and install any necessary software.

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About Genesco Inc.

     Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,240 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 and Cap Connection, and on internet websites www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundstation.com, www.johnstonmurphy.com, www.dockersshoes.com, and www.lids.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.

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GENESCO INC.

Consolidated Earnings Summary

	Three Months Ended						Nine Months Ended
				Restated*						Restated*
	October 31,			November 1,			October 31,			November 1,
In Thousands	2009			2008			2009			2008
Net sales	$	390,302		$	389,767		$	1,095,326		$	1,099,840
Cost of sales		190,136			191,853			535,993			539,207
Selling and administrative expenses		178,342			179,365			528,309			532,831
Restructuring and other, net		2,571			2,284			10,864			(196,293	)
Earnings from operations		19,253			16,265			20,160			224,095
Loss on early retirement of debt		—			—			5,119			—
Interest expense, net		1,850			3,255			6,795			9,073
Earnings before income taxes from continuing operations		17,403			13,010			8,246			215,022
Income tax expense		5,880			4,019			4,989			81,982
Earnings from continuing operations		11,523			8,991			3,257			133,040
Provision for discontinued operations		(80	)		(25	)		(298	)		(5,479	)
Net earnings	$	11,443		$	8,966		$	2,959		$	127,561

* Fiscal 2009 results restated as a result of retroactive application of FSP APB 14-1.

Earnings Per Share Information

	Three Months Ended				Nine Months Ended
			Restated				Restated
	October 31,		November 1,		October 31,		November 1,
In Thousands (except per share amounts)	2009		2008		2009		2008
Preferred dividend requirements	$	49	$	49	$	148	$	148
Average common shares — Basic EPS		21,952		18,638		20,868		19,401
Basic earnings per share:
Before discontinued operations	$	0.52	$	0.48	$	0.15	$	6.85
Net earnings	$	0.52	$	0.48	$	0.13	$	6.57
Average common and common equivalent shares — Diluted EPS		23,741		23,375		21,086		24,170
Diluted earnings per share:
Before discontinued operations	$	0.50	$	0.43	$	0.15	$	5.64
Net earnings	$	0.50	$	0.43	$	0.13	$	5.41

GENESCO INC.

Consolidated Earnings Summary

	Three Months Ended						Nine Months Ended
				Restated						Restated
	October 31,			November 1,			October 31,			November 1,
In Thousands	2009			2008			2009			2008
Sales:
Journeys Group	$	198,407		$	200,745		$	523,846		$	530,467
Underground Station Group		21,946			24,266			67,235			76,867
Hat World Group		105,739			93,131			313,373			283,037
Johnston & Murphy Group		40,361			41,785			118,745			132,370
Licensed Brands		23,701			29,649			71,654			76,542
Corporate and Other		148			191			473			557
Net Sales	$	390,302		$	389,767		$	1,095,326		$	1,099,840
Operating Income (Loss):
Journeys Group	$	17,902		$	16,901		$	20,256		$	24,587
Underground Station Group		(1,862	)		(2,234	)		(6,101	)		(6,253	)
Hat World Group		7,010			6,721			24,060			21,900
Johnston & Murphy Group		1,660			1,525			1,358			8,202
Licensed Brands		3,921			3,892			9,525			9,538
Corporate and Other*		(9,378	)		(10,540	)		(28,938	)		166,121
Earnings from operations		19,253			16,265			20,160			224,095
Loss on early retirement of debt		—			—			5,119			—
Interest, net		1,850			3,255			6,795			9,073
Earnings before income taxes from continuing operations		17,403			13,010			8,246			215,022
Income tax expense		5,880			4,019			4,989			81,982
Earnings from continuing operations		11,523			8,991			3,257			133,040
Provision for discontinued operations		(80	)		(25	)		(298	)		(5,479	)
Net Earnings	$	11,443		$	8,966		$	2,959		$	127,561

*

Includes $2.6 million of other charges in the third quarter of Fiscal 2010, primarily asset impairments and includes $10.9 million of other charges in the first nine months of Fiscal 2010 which includes $10.5 million in asset impairments, $0.3 million in other legal matters and $0.1 million for lease terminations.

Includes $2.3 million of other charges in the third quarter of Fiscal 2009 which includes $1.9 million in asset impairments and $0.4 million for lease terminations and includes $196.3 million credit in the first nine months of Fiscal 2009 of which $204.1 million were proceeds as a result of the settlement of merger-related litigation with The Finish Line and its investment bankers offset by $5.5 million in asset impairments, $1.2 million for lease terminations and $1.1 million for other legal matters. The third quarter and nine months of Fiscal 2009 also included $0.2 million and $7.8 million, respectively, of merger-related expenses.

GENESCO INC.

Consolidated Balance Sheet

			Restated
	October 31,		November 1,
In Thousands	2009		2008
Assets
Cash and cash equivalents	$	23,620	$	16,000
Accounts receivable		33,425		30,727
Inventories		359,684		379,614
Other current assets		56,855		42,631
Total current assets		473,584		468,972
Property and equipment		221,264		245,364
Other non-current assets		183,431		175,239
Total Assets	$	878,279	$	889,575
Liabilities and Shareholders’ Equity
Accounts payable	$	152,273	$	153,043
Other current liabilities		62,694		77,302
Total current liabilities		214,967		230,345
Long-term debt		29,042		130,319
Other long-term liabilities		112,279		89,693
Shareholders’ equity		521,991		439,218
Total Liabilities and Shareholders’ Equity	$	878,279	$	889,575

GENESCO INC.

Retail Units Operated — Nine Months Ended October 31, 2009

	Balance						Balance		Acquisi-						Balance
	02/02/08		Open		Close		01/31/09		tion		Open		Close		10/31/09
Journeys Group		967		50		5		1012		0		15		5		1,022
Journeys		805		16		5		816		0		8		5		819
Journeys Kidz		115		26		0		141		0		7		0		148
Shi by Journeys		47		8		0		55		0		0		0		55
Underground Station Group		192		0		12		180		0		0		6		174
Hat World Group		862		43		20		885		1		23		24		885
Johnston & Murphy Group		154		9		6		157		0		6		1		162
Shops		113		6		5		114		0		4		1		117
Factory Outlets		41		3		1		43		0		2		0		45
Total Retail Units		2,175		102		43		2,234		1		44		36		2,243

Retail Units Operated — Three Months Ended October 31, 2009

	Balance		Acquisi-						Balance
	08/01/09		ition		Open		Close		10/31/09
Journeys Group		1,021		0		1		0		1,022
Journeys		818		0		1		0		819
Journeys Kidz		148		0		0		0		148
Shi by Journeys		55		0		0		0		55
Underground Station Group		176		0		0		2		174
Hat World Group		883		1		10		9		885
Johnston & Murphy Group		161		0		2		1		162
Shops		117		0		1		1		117
Factory Outlets		44		0		1		0		45
Total Retail Units		2,241		1		13		12		2,243

Constant Store Sales

	Three Months Ended						Nine Months Ended
	October 31,			November 1,			October 31,			November 1,
	2009			2008			2009			2008
Journeys Group		-2	%		5	%		-3	%		3	%
Underground Station Group		-6	%		1	%		-10	%		7	%
Hat World Group		1	%		2	%		2	%		4	%
Johnston & Murphy Group		-2	%		-15	%		-12	%		-7	%
Total Constant Store Sales		-2	%		2	%		-3	%		2	%

Schedule B

Genesco Inc.
Adjustments to Reported Earnings from Continuing Operations
Three Months Ended October 31, 2009 and November 1, 2008

	3 mos			Impact			3 mos			Impact
In Thousands (except per share amounts)	Oct 2009			on EPS			Oct 2008			on EPS
Earnings from continuing operations, as reported	$	11,523		$	0.50		$	8,991		$	0.43
Adjustments: (1)
Merger-related expenses		—			—			141			—
Impairment & lease termination charges		1,600			0.07			1,356			0.06
Other legal matters		—			—			7			—
Convertible debt interest restatement (APB 14-1)		179			—			472			—
Higher effective tax rate (2)		(965	)		(0.04	)		(1,463	)		(0.06	)
Adjusted earnings from continuing operations (3)	$	12,337		$	0.53		$	9,504		$	0.43

(1)	All adjustments are net of tax. The tax rate for the third quarter of Fiscal 2010 before a positive adjustment of $1.0 million for FIN 48 and other adjustments is 38.6% excluding a FIN 48 discreet item of $126,000. The tax rate for the third quarter of Fiscal 2009 before the impact of the settlement of merger-related litigation and deductibility of prior year merger-related expenses and a positive adjustment of $1.2 million of a previously accrued FIN 48 item is 40.8% excluding a FIN 48 discreet item of $73,000.
(2)	Includes added tax on Finish Line share appreciation and impact on EPS calculation from additional tax in Fiscal 2009.
(3)	Reflects 23.7 million share count for Fiscal 2010 and 23.4 million share count for Fiscal 2009 which includes convertible shares and common stock equivalents in both years.

The Company believes that disclosure of earnings and earnings per share from continuing operations on a pro forma basis adjusted for the items not reflected in the previously announced expectations will be meaningful to investors, in light of the impact of changes in effective tax rates and other items not reflected in those expectations.

Schedule B

Genesco Inc.
Adjustments to Forecasted Earnings from Continuing Operations
Fiscal Year Ending January 30, 2010

Baseline Scenario

	High Guidance				Low Guidance
In Thousands (except per share amounts)	Fiscal 2010				Fiscal 2010
Forecasted earnings from continuing operations	$	27,436	$	1.25	$	26,150	$	1.19
Adjustments: (1)
Convertible debt interest restatement (APB 14-1)		896		—		896		—
Impairment, other legal matters and lease termination charges		9,335		0.40		9,335		0.40
Loss on early retirement of debt		3,092		0.13		3,092		0.13
Higher effective tax rate		1,501		0.06		1,501		0.06
Adjusted forecasted earnings from continuing operations (2)	$	42,260	$	1.84	$	40,974	$	1.78

(1)	All adjustments are net of tax. The forecasted tax rate for Fiscal 2010 for the baseline scenario is 39.7%.
(2)	Reflects 23.5 million share count for Fiscal 2010 which includes convertible shares and common stock equivalents.

This reconciliation reflects estimates and current expectations of future results. Actual results may vary materially from these expectations and estimates, for reasons including those included in the discussion of forward-looking statements elsewhere in this release. The Company disclaims any obligation to update such expectations and estimates.

Schedule B

Genesco Inc.
Adjustments to Forecasted Earnings from Continuing Operations
Fiscal Year Ending January 29, 2011

Baseline Scenario

	High Guidance				Low Guidance
In Thousands (except per share amounts)	Fiscal 2011				Fiscal 2011
Forecasted earnings from continuing operations	$	40,732	$	1.73	$	38,349	$	1.63
Adjustments: (1)
Impairment and lease termination charges		8,812		0.37		8,812		0.37
Adjusted forecasted earnings from continuing operations (2)	$	49,544	$	2.10	$	47,161	$	2.00

(1)	All adjustments are net of tax. The forecasted tax rate for Fiscal 2011 for the baseline scenario is 41.1%.
(2)	Reflects 23.8 million share count for Fiscal 2011 which includes common stock equivalents.

This reconciliation reflects estimates and current expectations of future results. Actual results may vary materially from these expectations and estimates, for reasons including those included in the discussion of forward-looking statements elsewhere in this release. The Company disclaims any obligation to update such expectations and estimates.