Footwear group Stella International shipped 12.1 million pairs of shoes in the first quarter of 2025, an increase of 3.4% year on year.

However, the Hong Kong-based group’s revenues for the quarter fell by 1.8% to reach $320.5 million.

Its average selling price was down by 5% to $26.40 per pair.

Stella’s chairman, Lawrence Chen, said production facilities in which the group makes non-sports shoes are operating “at close to full utilisation”. He said new production facilities in Bangladesh and Indonesia would help it drive growth in quality.

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