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                               GENESCO INC.                           EXHIBIT 11
                               AND CONSOLIDATED SUBSIDIARIES 
                               Earnings Per Common and 
                               Common Share Equivalent 
                               Three Months Ended April 30


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                                                                                                1994                    1993
                                                                                  ------------------      ------------------
         IN THOUSANDS                                                             EARNINGS    SHARES      EARNINGS    SHARES 
         -------------------------------------------------------------------------------------------------------------------
                                                                                                              
         Primary loss per share                                                                                              
           Loss before cumulative effect                                                                                     
             of change in accounting principle                                     $(2,673)                $  (742)          
           Preferred dividend requirements                                              75                      78           
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           Loss before cumulative effect                                                                                     
             of change in accounting principle applicable                                                                    
             to common stock and average common shares                                                                       
             outstanding                                                           $(2,748)   24,307       $  (820)   23,902 
           Employees preferred and stock options deemed                                                                      
             to be a common stock equivalent                                                     -0-                     -0- 
         ------------------------------------------------------------------------------------------------------------------- 
         Total loss before cumulative effect of change in                                                                    
           accounting principle                                                    $(2,748)   24,307       $  (820)   23,902 
         PER SHARE                                                                 $  (.11)                $  (.03)          
         -------------------------------------------------------------------------------------------------------------------
                                                                                                                             
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           Net loss                                                                $(2,673)                $(3,015)          
           Preferred dividend requirements                                              75                      78           
         -------------------------------------------------------------------------------------------------------------------
           Net loss applicable to common stock                                                                               
             and average common shares outstanding                                 $(2,748)   24,307       $(3,093)   23,902 
           Employees preferred and stock options deemed                                                                      
             to be a common stock equivalent                                                     -0-                     -0- 
         ------------------------------------------------------------------------------------------------------------------- 
         Total net loss                                                            $(2,748)   24,307       $(3,093)   23,902 
         PER SHARE                                                                 $  (.11)                $  (.13)                
         =================================================================================================================== 
         Fully diluted loss per share                                                                                        
           Loss before cumulatve effect of                                                                                   
             change in accounting principle applicable                                                                       
             to common stock and average common shares                                                                       
             outstanding                                                           $(2,748)   24,307       $  (820)   23,902 
           Senior securities the conversion of which                                                                         
             would dilute earnings per share                                                     -0-                     -0- 
         ------------------------------------------------------------------------------------------------------------------- 
         Total loss before cumulative effect of change in                                                                    
           accounting principle                                                    $(2,748)   24,307       $  (820)   23,902 
         PER SHARE                                                                 $  (.11)                $  (.03)                
         =================================================================================================================== 
           Net loss applicable to common stock                                                                               
             and average common shares outstanding                                 $(2,748)   24,307       $(3,093)   23,902 
           Senior securities the conversion of which                                                                         
             would dilute earnings per share                                                     -0-                     -0- 
         ------------------------------------------------------------------------------------------------------------------- 
         Total net loss                                                            $(2,748)   24,307       $(3,093)   23,902 
         PER SHARE                                                                 $  (.11)                $  (.13)                
         =================================================================================================================== 
 
         All figures in thousands except amount per share.