Pou Sheng Returns to Growth, but YY’s Footwear Business Struggles
The Chinese retailer saw a revenue increase for the first time since the coronavirus pandemic closed stores there, gaining 6% in May to $338,527,000 from $318,893,000 last year. Parent Yue Yuen’s footwear manufacturing revenues plunged an implied 40% to $354,062,000 from $592,966,000, however, as its western customers ... Log in to view full article.
