Yue Yuen Manufacturing Remains Soft, Retail Improves in May
Total revenue at the Chinese footwear manufacturer and retailer was down 8% in May to $701,016,000 from $757,993,000, hit by soft demand and elevated inventory levels. Footwear manufacturing implied sales contracted 11% to $473.0 million from $530.3 million. Improved retail foot traffic sent Pou Sheng retail sales up 7% in local ... Log in to view full article.
