Yue Yuen Industrial (Holdings) Limited, the manufacturer of footwear for most major outdoor and athletic brands, reported that its manufacturing segment revenue fell 28.7 percent in September, the fourth consecutive month of declines.
Sales in the Pou Sheng China retail segment rose 9.2 percent to RMB 1.66 billion compared to RMB 1.52 billion in September 2022.
Overall, Yue Yuen consolidated sales were down 19.1 percent to $602.1 million.
In the year-to-date period, sales fell 14.1 percent to $6 billion, with a decline of 20.9 percent in the manufacturing segment offsetting a 7.3 percent gain at Pou Sheng.
