Weyco Group Inc (NASDAQ: WEYS)

Weyco Group, Inc. designs, markets, and distributes quality and innovative footwear principally for men, but also for women and children, under a portfolio of well‑recognized brand names including Florsheim, Nunn Bush, Stacy Adams, and BOGS. The company sources finished shoes primarily from suppliers located in China and India, with additional supplies from Cambodia, Vietnam, and the Dominican Republic. Its product line consists of mid‑priced leather dress shoes, casual footwear made from man‑made materials and leather, and outdoor boots, shoes, and sandals. Weyco Group, Inc. offers its footwear in a broad range of sizes and widths to meet the needs and desires of the general American population. Shoes are shipped to customers primarily from the company’s distribution center in Glendale, Wisconsin.

Weyco Group, Inc. generates revenue primarily from the sale of footwear through its wholesale and retail channels, as well as from licensing agreements for branded apparel, accessories, and specialty footwear. The Wholesale segment sells shoes to retailers throughout the United States and Canada and also collects worldwide licensing revenues from third parties who sell branded products. The Retail segment sells directly to consumers via e‑commerce platforms and four brick‑and‑mortar stores located in the United States. Additional revenue is derived from the company’s overseas wholesale and retail operations in Australia and South Africa, collectively referred to as Florsheim Australia. Licensing arrangements enable third parties to sell branded products in the United States, Mexico, and select international markets.

The company operates through the following segments: Wholesale and Retail.

• Wholesale: This segment markets shoes to retailers throughout the United States and Canada in more than 10,000 shoe, clothing and department stores, employs traveling salespeople and independent sales representatives to call on those outlets, ships products from the Glendale, Wisconsin distribution center, carries significant inventory to meet delivery requirements, and periodically provides extended payment terms to customers.

• Retail: This segment sells footwear directly to consumers through e‑commerce websites and four brick‑and‑mortar stores in the United States, focuses strategic investment on growing its online sales, and derives a majority of its revenue from the e‑commerce channel.

Weyco Group, Inc. competes in the mid‑priced footwear market where brand recognition, price, quality, and service are key differentiators. The company maintains a design department that continually reviews and updates product introductions to align with consumer preferences and seasonal trends. While supplier costs have historically been stable, recent upward pressure from freight, labor, materials, and tariffs on Chinese‑sourced goods has influenced cost of goods across all brands.

The company serves a broad base of retailers including shoe stores, clothing outlets, and department stores across the United States and Canada, as well as direct‑to‑consumers through its e‑commerce sites and physical stores. Its overseas operations in Australia and South Africa cater to similar wholesale and retail customers in those regions. No individual customer accounted for 10% or more of total net sales in 2025 or 2024.