Genesco (GCO +8.7%) holds on to gains after reporting the $240M acquisition of U.K.-based Schuh...

|About: Genesco Inc. (GCO)|By:, SA News Editor

Genesco (GCO +8.7%) holds on to gains after reporting the $240M acquisition of U.K.-based Schuh Group - a specialty retailer of casual and athletic footwear. The purchase gives Genesco an immediate presence in Europe, as well as a boost to FY11 earnings.