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Article Date: March 2019
Word Count: 191

Stella Results Improve in 2018 as Leadership Transitions


Net income was $62,226,000 compared to $59,690,000 for the FY ended Dec. 31 as sales rose 1% to $1,588,583,000 compared to $1,577,270,000. The results included the recovery of a $10.3 million receivable from the Rockport bankruptcy and an $8.2 million hit from Nine West. Shipments were up 6% to 60.2 million pairs but the ASP declined 3% to $25.80 at the premium factory. Men’s footwear sales declined to $604,142,000 from $624,894,000 while women’s were $925,078,000 compared to $882,293,000. Retailing sales were down at $59,363,000 compared to $70,083,000 as Stella exited its retail operations in China ... Log in to view full article.

 


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