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Article Date: July 2020
Word Count: 143

Stella’s Revenues Tumble in Q2 as Customers Cut Orders

The footwear maker’s sales slid 43% to $247.8 million in the second quarter from $435.4 million last year and it warned that the bottom line may fall into the red. Stella’s customers cancelled and delayed orders when the Covid-19 pandemic spread to the west, shuttering retail stores. In addition, it will take an impairment charge for the permanent closure of its Chinese factories, as well as severance and overhead charges as ... Log in to view full article.


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