All Weyco 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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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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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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ArticleStocks of Brazilian footwear manufacturers outperform in Q3
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. But, the figure conceals noticeable disparities between the panel’s subsegments. The cohort of ...
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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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News briefs
Weyco buys outdoor footwear brand Forsake
Weyco has acquired substantially all of the operating assets and certain liabilities of Forsake , an American distributor of outdoor footwear. The principal assets acquired were inventory, accounts receivable and intellectual property, including the Forsake brand name. The purchase price was about $2.50 million, plus contingent payments paid ...
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ArticleWeyco suffers in Q1 but sees acceleration in wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021, but the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia. Net sales in the first quarter ended March ...
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ArticleBogs keeps momentum going
Even with low precipitation in November and December across the U.S., demand for Bogs , a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more ...
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ArticleBogs steps up as Covid lockdowns hit Q3 sales at Florsheim
U.S. shoemaker Weyco swung to a third-quarter loss as lower casual and formalwear sales offset a strong performance from the Bogs North American outdoor wholesale unit. The company, which also owns the Florsheim , Stacy Adams and Nunn Bush brands, reported a net loss of ...
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Article
Weyco Q1 sales down by 14%
Revenues for the Weyco group declined by 14 percent to $63.6 million in the first quarter after having to close its domestic U.S. retail locations on March 18 due to the Covid-19 pandemic. Wholesale and retail businesses in Australia, Asia, South Africa, and Europe were similarly affected by retail ...
