Leading manufacturer and distributor of men's casual, fashion, and dress shoes, Weyco Group Inc, today posted a nine per cent rise in fourth quarter net earnings but an 11 per cent slide in annual earnings compared to the year-ago period.

The Milwaukee-based firm said net earnings for the quarter were $3.1m in 2001, compared with $2.8m in the prior year. Net sales for the 13-week period reached $31m compared to $31.1m in the 2000.