Genesco Declares Quarterly Dividends

November 21, 2002 at 5:20 PM EST

NASHVILLE, Tenn., Nov. 21 /PRNewswire-FirstCall/ -- The board of directors of Genesco Inc. (NYSE: GCO) has declared dividends on the various classes of its preferred stock for the quarter ending February 1, 2003, payable on January 30, 2003, to shareholders of record on January 15, 2003. The rates are as follows:

    Subordinated serial preferred stock:
          Series 1            $0.575 per share
          Series 3            $1.1875 per share
          Series 4            $1.1875 per share

Subordinated cumulative preferred stock: $0.375 per share

Genesco, based in Nashville, sells footwear and accessories in more than 975 retail stores in the U.S., principally under the names Journeys, Journeys Kidz, Johnston & Murphy, Jarman and Underground Station, and on internet websites www.journeys.com and www.johnstonmurphy.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. SOURCE Genesco Inc.

-0- 11/21/2002

/CONTACT: financial, James S. Gulmi, +1-615-367-8325, or media, Claire S. McCall, +1-615-367-8283, both of Genesco Inc./

/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/352750.html/

/Web site: http://www.journeys.com /

/Web site: http://www.johnstonmurphy.com /

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