Weyco Group Inc. (WEYS)

Overview

Weyco Group, Inc., originally known as Weyenberg Shoe Manufacturing Company, is a distinguished entity in the footwear industry that has transitioned and evolved since its inception in 1906. The company, which is headquartered in Milwaukee, Wisconsin, specializes in the design and distribution of footwear for men, women, and children, catering to a wide demographic. Its operations are segmented into North American Wholesale Operations and North American Retail Operations, showcasing a multifaceted approach to market reach and service delivery. Weyco Group stands out for its commitment to quality, showcasing a rich portfolio of brands that are synonymous with style, comfort, and durability. Over the years, it has expanded its footprint beyond traditional brick and mortar stores, embracing e-commerce and international markets, making its products accessible in the United States, Canada, Europe, Australia, Asia, and South Africa. The transition of its name to Weyco Group, Inc. in April 1990 marked a significant milestone in the company's history, signaling its growth and expanded scope in the footwear industry.

Products and Services

• Mid-priced Leather Dress Shoes and Casual Footwear:

  Weyco Group's lineup includes a diverse range of mid-priced leather dress shoes and casual footwear. These products are designed to cater to the needs of consumers looking for quality and style at an accessible price point. The materials range from genuine leather to man-made alternatives, ensuring options for various preferences and ethical considerations.

• Outdoor Boots, Shoes, and Sandals:

  Understanding the need for durable and comfortable outdoor wear, Weyco Group offers a selection of boots, shoes, and sandals designed for outdoor enthusiasts. Whether for hiking, walking, or casual outdoor activities, these products are engineered to provide support, comfort, and durability in a range of conditions.

• Wholesale Operations:

  Weyco Group extends its market reach through wholesale operations, distributing its products to approximately 10,000 footwear, department, and specialty stores, along with e-commerce retailers. This extensive network ensures that Weyco Group's brands and products are widely accessible across various consumer touchpoints.

• Retail Stores:

  As of December 31, 2021, Weyco Group operated four brick and mortar retail stores in the United States. These stores not only serve as direct sales points but also as brand ambassadors, allowing customers to experience the quality and style of Weyco Group's products firsthand.

• Licensing Agreements:

  Further expanding its brand presence, Weyco Group has established licensing agreements with third parties. These partnerships enable the sale of branded apparel, accessories, and specialty footwear, broadening the company's product offerings and enhancing brand visibility and reach.