Bogs Sales Weigh Down Weyco’s Wholesale Segment
Bogs parent Weyco Group said that the brand’s sales tumbled 42% in the third quarter to $16,057,000, including the small Rafters brand, contributing to a 15% decline in wholesale sales. The rugged and foul weather footwear brand not only faced tough comparisons with last year’s record quarter but was also hit with retailer destocking coupled with unseasonably warm weather in early fall. Weyco avers that it’s taking steps to reduce inventory of slower moving styles but anticipates the inventory backlog in the ... Log in to view full article.