Marry UP: Finish Line buys Genesco

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This sounds a little strange: a smaller fish swallowed up a bigger one. Here is some details (Houston Chronicle):

“Finish Line operates 694 Finish Line stores in 47 states, 93 Man Alive stores in 19 states and 15 Paiva stores in 10 states.

Nashville-based Genesco sells shoes, hats and accessories in more than 2,000 retail stores in the United States and Canada under several store names, including Journeys, Johnston & Murphy, Underground Station, Hatworld and Lids.”

According to Google Finance, Finish Line’s (FINL) market cap is about $550 m, Genesco (GCO) is about $1.22 b.

By the way, I saw a “Lids” store in Shanghai, Cloud 9 shopping center.

Personally I don’t like Finish Line’s store, it’s more like a discount sports shoes store. On the other hand, I have more respect for Johnston & Murphy (which supplied the shoes for US presidents for many years), and Journeys.

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