Yue Yuen’s Pou Sheng Chinese retail business continued to founder last month, declining 38% in local currency to $178,994,000, hit by widespread Covid lockdowns in many cities. The footwear manufacturing business did well, growing 15% to an implied $566,443,000, which kept the decline in overall sales to just 5% at $745,437,000. ... Log in to view full article.
