Stella says stabilisation in casual and fashion shoes bodes well
18/04/2017
In the three months ending March 31, 2017, Stella recorded year-on-year growth in terms of volume and value.
Revenue from its manufacturing operations increased by 6.8% to around $285 million and, over the three-month period, Stella sold 11.5 million pairs of shoes, an increase of 8.5% compared to the same quarter in 2016.
Chief executive, Lawrence Chen, said stabilisation in casual and fashion segments “bodes well” for the business but he hinted that most of the growth had come from athleisure shoes.
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