Stella International Bounces Back in Q4
The high-end sneaker and fashion footwear maker’s sales grew 14% in the final quarter to $380.3 million from $335.1 million, lapping a down quarter last year when brands started cutting orders to combat excess inventories. Pairs sold accounted for most of the increase, gaining 11% to 13.2 million, while ASPs inched up 2% to $28.80 per pair. The rebound came in spite of 13% lower sales ... Log in to view full article.
