Product Details

Nicely engraved antique bond certificate from Genesco Inc. dating back to the 1970's. This document, which carries the printed signatures of the company Vice President Finance and Secretary, was printed by the American Bank Note Company, and measures approximately 12" (w) by 8" (h).

This certificate features a vignette of the Mercury allegory with a skyline in the background.

Images

Historical Context

James Franklin Jarman and William Hatch Wemyss, both former salesmen for Carter Shoe Co. in Nashville, Tennessee, founded Jarman Shoe Company in 1924 as a footwear manufacturer. The company grew rapidly and took the name General Shoe Company in 1931. General Shoe Company's initial public stock offering took place in 1939.

By the 1950s, General Shoe had factories in many southern towns, especially in Genesco's home state of Tennessee. The company assumed its current name, Genesco, in 1959, two years after it was chosen as one of the stocks in the first S&P 500 Index. Under the leadership of W. Maxey Jarman, the ambitious son of co-founder J.F. Jarman, the company slowly began the process of diversifying away from strictly footwear manufacturing, especially as more of this was conducted overseas. It entered into fields such as sports, at one-time manufacturing and selling soccer balls and at one point owned New York department store Bonwit Teller and five-and-dime store S. H. Kress & Co.

The company suffered from over-diversification at one point, and the ongoing manufacturing operations in the southern United States continued to depress results for a long period of time. The company was probably saved by its decision to reposition itself as a retailer. Genesco exited the business of shoe manufacturing when it closed Johnston & Murphy's Nashville factory in 2002. Genesco now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear.

Brands

Johnston & Murphy - Retailer of better men's and women's footwear, apparel, luggage and leather goods sold in Genesco-owned Johnston & Murphy retail stores and wholesaler of footwear to department and specialty stores.

Dockers Footwear - Casual footwear marketed with the Dockers brand licensed from Levi Strauss & Co. and sold at wholesale to department and specialty stores.

Journeys - Retailer of footwear for teens and young adults. The first Journeys retail store to open was the Rivergate Mall Journeys in Nashville opened by Genesco in December 1986.

Journeys Kidz - Retailer of footwear for children. Many of the brands and styles found in the normal Journeys stores can be found in smaller sizes in Journeys Kidz stores.

Schuh - UK retailer of footwear and other branded items on the highstreet and online. Genesco acquired in June 2011.

Trask (Formerly H.S. Trask) - Dress casual footwear marketed mainly as an outdoor brand.

Little Burgundy - Montreal, Canada-based footwear retailer for trendy teens and young adults. Genesco acquired in 2015.