Tranche Update on Weyco Group, Inc.'s Equity Buyback Plan announced on February 23, 2009.
March 14, 2024 at 11:19 am
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From October 1, 2023 to December 31, 2023, the company has repurchased 34,909 shares, representing 0.37% for $0.9 million. With this, the company has completed the repurchase of 3,131,243 shares, representing 30.18% for $88.75 million under the buyback announced on February 23, 2009.
Weyco Group, Inc. designs, markets, and distributes footwear principally for men. The Company is also focused on women and children, under a portfolio of brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The Company operates through two segments: North American wholesale (Wholesale) and North American retail (Retail). In the Wholesale segment, its products are sold to footwear, department, and specialty stores, as well as e-commerce retailers, primarily in the United States and Canada. It also has licensing agreements with third parties who sell its branded apparel, accessories, and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. The Retail segment consists of e-commerce businesses and four brick-and-mortar retail stores in the United States. Retail sales are made directly to consumers on its Websites, or by its employees in its stores.
WEYCO GROUP, INC. 
