All Stacy Adams articles
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ArticleWeyco expects another sales decline in Q4
Weyco Group said it anticipates another decline in sales in the fourth quarter of 2023 in the face of a drop in consumer demand and an inventory backlog among wholesalers. “Not only are we going up against a strong fourth quarter last year, but retail market conditions remain challenging as ...
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ArticleWeyco posts higher profit, margin despite lower Q2 sales
Weyco Group suffered a 9.9 percent decline in second-quarter sales to $67.0 million as the group’s portfolio of footwear brands faced difficult year-over-year comparisons and a wholesale market flush with inventory. Nonetheless, the group improved several operating metrics in the period ended June 30. Operating income rose by 18 percent ...
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ArticleWeyco off to a ‘strong start’ in 2023 after sales increase 6% in Q1
Weyco Group generated sales of $86.3 million in the first quarter of 2023, a record for the first three months of the year and up by 6 percent from the previous record booked last year, as gains were posted in both its wholesale and retail segments in North America as ...
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ArticleWeyco sales inch down in Q4 due to North American wholesale
Weyco Group posted sales of $99.0 million in the fourth quarter of 2022, a decline of 2 percent compared to the year earlier that had been expected due to the fact some wholesale orders in the third quarter of 2021 had been shifted to the fourth quarter amid supply chain ...
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ArticleWeyco expects sales dip after record Q3
Weyco Group generated record sales in the third quarter of 2022, with revenues jumping by 56 percent compared to the year earlier to $97.0 million. Growth was led by its North America wholesale business and underpinned by strong consumer demand, higher selling prices and the “abnormally low” revenues seen in ...
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ArticleWeyco’s main brands rise sharply, Forsake’s relaunch scheduled next year
Weyco Group reported double-digit sales increases for its each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise ...
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ArticleWeyco sees an improvement in supply deliveries in Q4
The U.S. group Weyco enjoyed a rebound in sales and earnings in the third quarter of 2021, but bottlenecks in the supply chain caused delays in the delivery of merchandise from suppliers and hurt the sales of its outdoor brand Bogs. In October, however, the company began to see an ...
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ArticleWeyco benefits from renewed demand for dress shoes
In the second quarter of 2020, the brands Florsheim , Nunn Bush and Stacy Adams of the U.S. company Weyco bounced back strongly thanks to renewed demand for dress shoes as people returned to their offices and social gatherings resumed with the easing of Covid-19 restrictions. It ...
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ArticleWeyco ends Q2 with loss, sales tumble by 72%
Weyco Group posted a net loss of $8.9 million in the second quarter, compared to net earnings of $1.5 million in last year’s corresponding quarter, on revenues that dropped by 72 percent to $16.7 million, hampered by store closures and lockdowns. During the past few months, the ...
