Weyco Group designs, markets, and distributes mid-priced footwear — primarily men's — under four brands: Florsheim, Nunn Bush, Stacy Adams, and BOGS. Weyco does not manufacture shoes; it sources finished product from third-party factories, primarily in China and India, then sells through wholesale and direct-to-consumer channels. Wholesale (~78% of sales) reaches more than 10,000 retail stores across the U.S. and Canada. Direct-to-consumer retail (~13% of sales) includes brand websites and four physical stores. Weyco also operates Florsheim retail and wholesale businesses in Australia, New Zealand, South Africa, and select Asia-Pacific markets (~9% of sales). Each brand targets a distinct niche: Florsheim is a premium dress and dress-casual brand under ~$150; Nunn Bush is value-oriented comfort casual targeting under $80; Stacy Adams focuses on fashion-forward elevated dress footwear; and BOGS sells outdoor and weather boots with heavy seasonality in Q3 and Q4. Weyco's profitability is driven by the spread between overseas factory costs and resale prices, minus tariffs and freight. Wholesale gross margins run in the high-30% to low-40% range, while retail margins run in the mid-60% range. The cost structure is relatively fixed, so volume declines compress operating margins. Weyco carries no debt and holds over $100M in cash and marketable securities, returning capital primarily through regular and special dividends.