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Bradley Radoff and Jumana Capital File 13D on Genesco, Shares Up 12% Pre-Market
The activist duo disclosed a combined stake in the Nashville footwear retailer, triggering immediate speculation on board reconstitution and portfolio pruning.
Genesco$GCO · filed: grew revenue 4.8% in FY2026 to $2.4BNew shipTrillion Score 546Fall Risk MediumNext year $2.0B–$2.9B sealedCheck ▾Close ▴
What Genesco filed
Grew revenue 4.8% in FY2026 to $2.4 billion, operating margin 0.7% against a 3.2% median for shoe stores, equity 40.7% of assets. Every figure links to the filing it came from on Genesco’s card. New ship: no warning signs. Trillion Score 546, #2 of 6 in its field; Fall Risk Medium (how it is measured).
What the house said in advance
Revenue for the fiscal year after 2026-01-31 between $2.0B and $2.9B, an 80% range sealed on 27 Sept 2026 · receipt #c165b0 · graded in public by the revenue in Genesco’s next annual report.
Figures as filed with the SEC. Ranges, scores and boats are statistical descriptions of past filings, not ratings or recommendations. Reporting, not advice.
In plain words
Radoff and Jumana filed 13D on Genesco, shares up **12%** pre-market; board nomination deadline late March, earnings March **13**, Johnston & Murphy spin models circulating.
$580 million
market-cap footwear and apparel retailer
12%
in pre-market Thursday
2019
when another group pressed for real estate monetization before…
5%
and includes language referencing potential board engagement
Bradley Radoff and Jumana Capital filed a Schedule 13D with the SEC disclosing a combined position in Genesco Inc. (NYSE: GCO), the $580 million market-cap footwear and apparel retailer. Shares traded up 12% in pre-market Thursday. The filing marks the first disclosed activist position in Genesco since 2019, when another group pressed for real estate monetization before withdrawing. Neither Radoff nor Jumana disclosed exact ownership percentages in initial reports, but 13D language indicates the threshold exceeded 5% and includes language referencing potential board engagement.
Genesco operates 1,425 retail locations across the U.S., including Journeys, Schuh, and Johnston & Murphy. The company reported $2.26 billion in revenue for fiscal 2024, down 3.2% year-over-year, with comparable store sales declining across all segments. Free cash flow came in at $87 million, compressed by inventory builds and capex tied to store refresh cycles. The balance sheet carries $142 million in net debt. Comparable store sales at Journeys, the largest segment at 54% of revenue, fell 6% in the most recent quarter. Management guided fiscal 2025 operating margin between 4.5% and 5.2%, below the 6.1% averaged from 2018 to 2021.
Radoff and Jumana bring complementary skill sets to the table. Radoff ran activist campaigns at at least four retailers since 2017, including a successful push at Lands' End that resulted in two board seats and a subsequent 38% equity gain over eighteen months. Jumana Capital, a New York-based vehicle managing roughly $220 million, focuses on small-cap retail and consumer businesses where operating margin expansion is achievable through supply chain reconfiguration or SKU rationalization. The duo's combined approach historically favors tangible near-term actions over prolonged governance fights: cost cuts, real estate reviews, and divestitures of underperforming banners. Genesco's portfolio includes Johnston & Murphy, a higher-margin dress shoe and accessories brand that has underperformed but maintains brand equity and owned real estate.
The filing timing is notable. Genesco's Board of Directors currently has nine members, with three seats up for election at the 2025 annual meeting expected in mid-June. That window gives Radoff and Jumana roughly 120 days to negotiate board representation or launch a proxy contest. The company's latest proxy shows CEO Mimi Vaughn, in the role since 2020, earned $4.2 million in total compensation for fiscal 2024, with 72% tied to performance metrics the company missed. Institutional ownership sits at 91%, with BlackRock and Vanguard holding 18% and 11% respectively, both passive. That creates a vacuum for active voices.
Allocators should track three specific events. First, any amended 13D filings within the next 21 days will clarify exact ownership stakes and whether Radoff and Jumana plan to act as a formal group or file separately with aligned intent. Second, Genesco reports fourth-quarter fiscal 2024 earnings on March 13, 2025; analyst consensus expects earnings per share of $0.68, down from $1.12 a year prior, and any management commentary on strategic review or capital allocation will signal receptiveness to activist input. Third, the advance notice deadline for director nominations is typically 90 days before the annual meeting, putting the cutoff near late March; any Radoff-Jumana slate will surface by then.
The stock closed Wednesday at $26.14, well below its 52-week high of $34.80 and trading at 0.25x trailing revenue. If Radoff and Jumana push for a Johnston & Murphy spinoff or sale, sum-of-the-parts models from sell-side analysts value that business alone near $9 per Genesco share, implying the Journeys and Schuh banners trade at a 30% discount to peer teen footwear multiples. The activists filed after Genesco's Board already authorized a $75 million share repurchase program in December, a move that spent 13% of market cap but failed to arrest the stock's decline. They now own a stake in a company that bought back equity at higher prices and still trades near multi-year lows.
Branded by POPS4 · proof in 60 seconds
For the principal
Track amended 13D filings by February 5; sum-of-parts models suggest $9/share value in Johnston & Murphy alone, actionable spinoff thesis.
For the operator
March 13 earnings call will reveal management posture; passives hold 29%, low insider ownership, board negotiation likely before proxy fight.
For the house
Named account holds 18,400 GCO shares at $28.10 basis; maintain, watch for Radoff board slate by late March and potential sum-of-parts unlock.
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