Men’s footwear producer, Weyco Group, Inc. has posted net sales of $44.7 million for the second quarter of 2005 ended June 30, compared with $49.8 million in 2004, a decrease of 10%. Net earnings were $3.0 million, down from $4.0 million in 2004.

Sales in the wholesale division, which include wholesale sales and licensing revenues, were $38.2 million compared with $43.3 million in 2004. Wholesale sales were down 12% from $42.3 million in 2004 to $37.2 million in 2005. Licensing revenues were $1.0 million in both 2005 and 2004. Sales of the Company's Florsheim, Stacy Adams and Nunn Bush brands were down 21%, 12% and 5% respectively, for the quarter.

"Our wholesale business continues to be challenging," stated Tom Florsheim, Jr., chairman and CEO of Weyco Group, Inc. "While some of our volume loss was expected as a result of discontinuing our FLS business, our overall wholesale business has been impacted by cyclical fashion trends toward more contemporary and casual footwear which has negatively affected our more basic Nunn Bush and Florsheim dress and dress casual business.

"Our retail division continues to perform well. We opened one new store during the second quarter, offsetting the one store which closed in January 2005, and are scheduled to open one new store in the third quarter and two new stores in the fourth," he added.

Weyco Group, Inc. designs and markets mid to high end men's branded casual, fashion, and dress footwear. Its brands include Florsheim, Nunn Bush, Nunn Bush NXXT, Brass Boot, Stacy Adams and SAO by Stacy Adams.