Yue Yuen Sees Footwear and Retail Struggling Again in Jan.
The Chinese shoe maker and retailer’s revenues fell 17% in Jan. to $810,278,000 from $972,237,000 on weakness from both manufacturing and Pou Sheng retail sales. Footwear manufacturing implied sales were down 25% year-over-year to $398.4 million from $528.6 million. Pou Sheng’ Chinese retail business sales also faltered, declining ... Log in to view full article.
