The footwear manufacturer reported a 19% revenue drop to $275.9 million in Q4 from $339.9 million the year before, ending the year with sales of $1,117.1 million, down 27% from 1,530.3 million in 2019. A shift in product mix to higher end styles sent ASP in the quarter up to $25.60 per pair, compared to $24.70, while shipment volume dropped 22% to 10.8 million pairs. Stella is forecasting a net profit for the year of just $0 to $5 million, down from $95.9 million, hurt by the ... Log in to view full article.