Positive first half for Yue Yuen despite athleisure decline
14/08/2017
From this amount, its earnings were $258.5 million, growth of 4% year on year.
It achieved important growth in its own retail operations, growing revenues by 15% year on year to reach more than $1.4 billion. Athletic shoes still constituted the group’s most important category, bringing in just under $2.1 billion, an increase of just 0.3%.
Sales of more casual outdoor shoes fell, however, by almost 7% to $569 million and sales of sports sandals were down by 17.8% compared to the first six months of last year, reaching $4.7 million.
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