The footwear maker expects a net loss of $60 to $70 million for the first quarter against a $75 million profit last year, with both its manufacturing business and Pou Sheng Chinese retail operation contributing to the loss. Manufacturing revenues were down 10% in the first quarter to $1,261 million from $1,395 million, mostly attributable to the factory closures in China after Lunar New Year and supply disruptions to its other facilities, which rely on China to supply inputs and raw materials. Almost all of its capacity in China is now back online, but there are factories being ordered closed ... Log in to view full article.