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Article: Weyco 2d qtr. net falls 57.8%. (Weyco Group Inc.)
- Article from:
- Footwear News
- Article date:
- July 29, 1991
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Copyright informationCOPYRIGHT 1991 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Weyco 2d qtr. net falls 57.8%
MILWAUKEE - Weyco Group Inc. reported second-quarter earnings dropped 57.8 percent to $630,000 or 29 cents per share on a 9.6 percent decline in net sales to $32,370,000.
Net income in the second quarter of fiscal '90 totaled $1,493,000 or 69 cents per share, on net sales of $35,822,000.
"Sales in our retail division (in the second quarter) declined over 12 percent overall and nearly 7 percent on a store-for-store basis, reflecting the results in many of our host stores where we operate leased departments," company officials said in a statement to shareholders. "The brightest spot in our retail division is the Brass Boot group which has ...
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