WEYCO GROUP INC
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
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ITEM 2. PROPERTIES
The following facilities were operated by the Company or its subsidiaries as of December 31, 2023:
| · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · Owned/ · Square | ||||||||
| Location | | Character | | Leased | | Footage | | % Utilized |
| Glendale, Wisconsin (1) | | Two story office and distribution center | | Owned | | 1,100,000 | | 90% |
| Montreal, Canada (1) | Multistory office and distribution center | Owned (3) | 92,800 | 90% | ||||
| Surrey Hills, Victoria, Australia (2) | Multistory office | Leased | 9,800 | 100% | ||||
| Tottenham Victoria, Australia (2) | Single story distribution center | Leased | 47,500 | 100% | ||||
| (1) | These properties are used principally by our North American wholesale segment. |
| (2) | These properties are used principally by our other businesses which are not reportable segments. |
| (3) | We own a 50% interest in this property. See Note 9 of the Notes to Consolidated Financial Statements. |
In addition to the above-described offices and distribution facilities, we also operate offices, distribution facilities, and retail shoe stores under various rental agreements. All of these facilities are suitable and adequate for our current operations. See Note 7 of the Notes to Consolidated Financial Statements and Item 1, “Business”, above.
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