Business Description
Weyco Group, Inc. is a Wisconsin corporation incorporated in the year 1906
as Weyenberg Shoe Manufacturing Company. Effective April 25, 1990, the name
of the corporation was changed to Weyco Group, Inc.
Weyco Group, Inc. and its subsidiaries engage in one line of business, the design
and distribution of quality and innovative footwear. The Company designs and
markets footwear principally for men, but also for women and children, under
a portfolio of well-recognized brand names including: “Florsheim,”
“Nunn Bush,” “Stacy Adams,” “BOGS,” “Rafters”
and “Umi.” Trademarks maintained by the Company on its brands are
important to the business. The Company’s products consist primarily of
mid-priced leather dress shoes and casual footwear composed of man-made materials
or leather. In addition, the Company added outdoor boots, shoes and sandals
in 2011 with the acquisition of the BOGS and Rafters brands. The Company’s
footwear is available in a broad range of sizes and widths, primarily purchased
to meet the needs and desires of the general American population.
The Company purchases finished shoes from outside suppliers, primarily located
in China and India. Almost all of these foreign-sourced purchases are denominated
in U.S. dollars. The Company continues to experience upward cost pressures from
its suppliers related to a variety of factors, including higher labor, materials
and freight costs. The Company has worked to increase its selling prices to
offset the effect of these increases.
The Company’s business is separated into two reportable segments —
the North American wholesale segment (“wholesale”) and the North
American retail segment (“retail”). The Company also has other wholesale
and retail businesses overseas which include its businesses in Australia, South
Africa and Asia Pacific (collectively, “Florsheim Australia”) and
its wholesale and retail businesses in Europe.
3.36% 
164.58 %