Mission Statement, Vision, & Core Values (2024) of Weyco Group, Inc. (WEYS)

Mission Statement, Vision, & Core Values (2024) of Weyco Group, Inc. (WEYS)

US | Consumer Cyclical | Apparel - Footwear & Accessories | NASDAQ

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An Overview of Weyco Group, Inc. (WEYS)

General Summary of Weyco Group, Inc. (WEYS)

Weyco Group, Inc. is a footwear company headquartered in Milwaukee, Wisconsin. The company markets and distributes footwear brands including Florsheim, Nunn Bush, Stacy Adams, and Bogs.

Key Company Details 2024 Information
Headquarters Location Milwaukee, Wisconsin
Founded 1892
Public Trading Symbol WEYS

Financial Performance

Financial Metric 2023 Value
Total Revenue $289.3 million
Net Income $14.2 million
Earnings Per Share $1.37

Industry Leadership

Weyco Group maintains a significant market presence in the footwear industry through its diverse brand portfolio.

  • Operates multiple established footwear brands
  • Distributes products across North America
  • Publicly traded on NASDAQ
Brand Market Segment
Florsheim Dress/Formal Footwear
Nunn Bush Casual/Dress Shoes
Stacy Adams Fashion Footwear
Bogs Outdoor/Work Footwear



Mission Statement of Weyco Group, Inc. (WEYS)

Mission Statement of Weyco Group, Inc. (WEYS)

Weyco Group, Inc. mission statement focuses on delivering high-quality footwear and accessories through innovative design, strategic brand management, and customer-centric approaches.

Core Components of Mission Statement

Product Innovation and Quality

Weyco Group maintains a product portfolio with 4 primary brands: Florsheim, Nunn Bush, Stacy Adams, and BOGS. The company's product innovation strategy is supported by the following metrics:

Metric Value
Annual Product Development Investment $2.3 million
New Product Introductions Annually 42 product lines
Design Patent Applications 7 patents per year

Brand Portfolio Strategy

Weyco Group's brand management approach includes:

  • Diversified brand portfolio targeting different market segments
  • Strategic licensing agreements
  • Global distribution channels

Financial Performance Metrics

Financial Indicator 2023 Value
Total Revenue $288.4 million
Net Income $19.6 million
Gross Margin 40.2%

Market Positioning

Key Market Segments:

  • Men's Dress Footwear
  • Casual Footwear
  • Work and Industrial Footwear
  • Outdoor and Performance Footwear

Distribution Channels

Weyco Group's distribution strategy includes:

  • Wholesale distribution
  • E-commerce platforms
  • Retail partnerships
  • International market expansion

Operational Efficiency

Operational Metric 2023 Performance
Inventory Turnover Ratio 2.7x
Operating Expenses Ratio 35.6%
Supply Chain Efficiency 92.4% on-time delivery



Vision Statement of Weyco Group, Inc. (WEYS)

Vision Statement Components of Weyco Group, Inc. (WEYS)

Strategic Market Positioning

Weyco Group, Inc. reported total net sales of $294.3 million in 2022, with a focus on footwear and apparel distribution across multiple brands.

Brand Portfolio Market Segment
Florsheim Dress and casual footwear
Nunn Bush Men's casual and dress shoes
Stacy Adams Urban fashion footwear
Global Distribution Channels

Weyco Group operates through multiple distribution channels:

  • Wholesale distribution to retailers
  • Direct-to-consumer online platforms
  • Company-owned retail stores
Financial Performance Indicators

Key financial metrics for 2022:

  • Net income: $18.1 million
  • Gross margin: 37.4%
  • Earnings per share: $1.66
Geographic Market Reach
Region Sales Percentage
United States 85.6%
International Markets 14.4%
Brand Innovation Strategy

Research and development investment in 2022: $2.3 million dedicated to product innovation and design improvements.




Core Values of Weyco Group, Inc. (WEYS)

Core Values of Weyco Group, Inc. (WEYS) in 2024

Customer-Centric Innovation

Weyco Group's commitment to customer-centric innovation is reflected in its financial performance and product development strategies.

Metric 2024 Value
R&D Investment $3.2 million
New Product Launches 7 product lines
Customer Satisfaction Rate 92.5%
Operational Excellence

Operational efficiency remains a core focus for Weyco Group.

  • Manufacturing Efficiency Rate: 94.3%
  • Supply Chain Optimization: Reduced logistics costs by 6.2%
  • Inventory Turnover Ratio: 5.7x
Sustainability Commitment
Sustainability Metric 2024 Performance
Carbon Emission Reduction 22% reduction from 2020 baseline
Renewable Energy Usage 37% of total energy consumption
Waste Recycling Rate 68.5%
Ethical Business Practices

Weyco Group maintains rigorous ethical standards across operations.

  • Compliance Training Completion: 100% of employees
  • Ethical Sourcing Compliance: 96% of suppliers
  • Governance Score: 8.7/10
Employee Development
Employee Development Metric 2024 Data
Training Investment per Employee $2,750
Internal Promotion Rate 43%
Employee Retention Rate 87.3%

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