Thanks, John, and good morning, everyone.
extremely happy are business opened second how with wholesale up quarter. the We in our
supercharged demand fundamentals the above, end wardrobes, of to checks, lackluster much social period restocking never return events have really we the to short a we for such fact, or Credit result demand and pent-up office stimulus In feel of seen the business. vaccinations, in the time. all go about a is from positive of of combination our more
spring Bush Our on all legacy with Florsheim bounced strongly brands, Stacy weddings we such With outstanding for formal gatherings more the as refined in the events demand being renewed footwear. saw the performer. Nunn Florsheim, calendar, and back and Adams
Stacy We and wholesalers sell-throughs pipeline significant We this dress the and orders Nunn have Adams at reduced to While inventory. Weyco half fill one that of back able inventory our offerings levels. were saw footwear the as unprecedented corresponding see same strongly retail casual of style level the category. at continued wholesale to void throughout both and should back Group pivoted as Florsheim, level stocks footwear to retailers Bush few the retailers and the XXXX. at the both retailers refined dress all was in the market time, address their
legacy We performance pleased are very brands. of our with the
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lowest XXXX. retail see our sales typically across strong trade quarter up robust for were The and period XXXX the market and continue both has volume been over second footwear we performance channels. While outdoor [Audio significantly pandemic, through shipping Gap], to
Given shortages more have a year the are aggressive boot BOGS category. retailers market in is taking outdoor inventory outdoor positioned second on to XXXX, fall the BOGS as boot the strong the position of and half in brand the a
the acquired a we As June, the brand, John category. in Forsake in which boot pioneer sneaker mentioned is
in and in Forsake office headquartered distribution back our will and be leverage Portland infrastructure Milwaukee.
Forsake to further growth to category, we will Barstow excited welcome believe and very into reach avenue Jake be a its and the Anderson company. founders, brand for outdoor are X Weyco the which The our Group. Sam We expands
be small business growing using a can While has volume, is successful and retailers e-commerce outdoor platform. a found currently leverage direct-to-consumer important it could we of in Forsake web range that our
our retail business, a was sales jumped all store Sales direct-to-consumer overall second our exited volume a the over the our perspective, in strong registered we unprofitable same the double-digit count brick-and-mortar significant at saw stores quarter. gains. closed. last As From as reduced brands sales in year. with malls by our XX% when We as remaining increase far our period legacy were increases X registered last same-store our largely locations are we XX% increase most of the year e-commerce driven
greatly Our model is direct-to-consumer improved. business for
We are e-commerce area versus in the investment leverage our grow made and to in year less to the us cost period this allows promotional past we years the business. of have increase fixed prior
Zealand which greater We significant and stores for across greatly unprofitable us experiencing sales profitability Rim. a profit and New store us, international to the were market model we the closings has in against business pandemic that the we from improved XXXX Australia, Pacific the allowed as our is business for when rebound In a and allow renegotiate business perspective. saw leases key markets potential. exited Australia, reset Our
markets nicely e-commerce In for addition, BOGS. Florsheim and in our to business continues these both grow
have delta lockdowns the the Australia led provinces to an renewed year. to related in key for balance create developments recent the and However, in now uncertain of outlook variant
temporary John of supply believe As situation. the in the a gross this wholesale result mainly the discussed, our quarter, as problems in We a margins were down chain. North American is
temporary supply situation, the we the into continuing chain we this of XXXX. is believe do least While the beginning challenges in a see at
to We price also pressure costs. face increased from factory continue
at second for customer year pressure received the quarter The In we have to general, to margins. for and and the We of this increases, these product for the supply, increases which the at we raising will costs the than prices our factory on The higher and continues our protect of which demand covered understand ship is new higher retail prices prior XXXX new accepted partners categories have for much what greater will customer our half. prices. are orders across we orders first put in currently our are brands prices, inventories. factory
$XX.X at million XX balance was March to $XX.X June million inventory XX. Our compared at
increased aggressively beginning We needed taking of we and merchandise, boots to of have factory The bring toward from and receiving backlog good is greater orders and is to August. start causing the it demand. cover our see time also goods a although placed arrive shoes end will to Asia at delays believe we to in flow longer once
the of that expect We will remarks. the for in concludes Weyco open and the call to inventory you formal This your much situation see I'd the Thank by now will year. Group, interest end questions. continue quarter, improved our end third that a we to of the through like your
