Retail Jump Offsets Lower Factory Sales at Yue Yuen
A big gain at Pou Sheng more than offset manufacturing segment declines at the Chinese footwear giant, as Dec. revenues increased 1% overall to $858,437,000 from $847,826,000. Pou Sheng retail sales increased 18% to $349,310,000, while implied sales for the rest of YY’s operations were down 8% to $509,127,000. Yue Yuen ended 2019 ... Log in to view full article.
