Net loss attributable to shareholders at the Chinese manufacturing and retail giant was $154,051,000 in the first nine months of 2020 against a profit of $229,437,000 on a 19% sales decline to $6,086,664,000 from $7,519,624,000. While the Pou Sheng Chinese retail business has bounced back in the third quarter, the footwear manufacturing segment has continued to post monthly sales declines, and the bottom line persists in the red. The group held down selling and distribution expenses, keeping them about flat with last year as a percentage of revenue, but administrative expenses deleveraged 50 basis points despite a 13% reduction in ... Log in to view full article.