Footwear maker Stella International, which reports in US$, saw a first half 2020 comprehensive net loss of $9,290,000 against last year’s $39,218,000 income, on 32% lower revenue of $511,474,000 from $750,577,000. Gross margin contracted 140 b.p. to 16.6%, in part because of overhead costs from temporary factory shutdowns in Mainland China, Philippines and Bangladesh, and delayed or canceled orders. Pairs shipped fell 30.8% to 20.4 million pairs from 29.5 million, and average selling price for footwear dropped 2% in the first half to US$24.70 per pair over US$25.20, hurt by product mix shift toward sandals and a delayed production of ... Log in to view full article.