Mixed May results for major Asian footwear manufac - footwearbiz: Lead

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Mixed May results for major Asian footwear manufacturers

12/06/2025
Mixed May results for major Asian footwear manufacturers
Two of Asia’s largest footwear producers, Feng Tay Enterprises and Yue Yuen Manufacturing, have reported softer results for May 2025, highlighting signs of slowing demand in the active lifestyle footwear sector.

Feng Tay, a major Nike supplier, posted a 23.4% year-on-year drop in manufacturing revenue for May to NT$6.0 billion (US$185 million), following a 2.7% rise in April. This contrasts with May 2024, when the company recorded a 16.6% increase. For the first five months of 2025, Feng Tay’s revenue fell 4.3% year on year to NT$34.0 billion (US$1.05 billion).

Yue Yuen Manufacturing, which produces for a wide range of global sports and outdoor brands, saw May manufacturing revenue grow by just 0.5%, down sharply from 10.5% growth in April. Year-to-date manufacturing revenue rose 5.6%, slowing from a 7.1% increase through April.

Including its Pou Sheng retail business in China, Yue Yuen’s total consolidated revenue declined by 0.8% in May to US$711.4 million, with retail sales down 3.3%. Year-to-date consolidated revenue edged up 0.9% to US$3.40 billion.

The results reflect challenging market conditions for Asian footwear exporters amid shifting demand and trade uncertainties.

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