Strong sales in November for Yue Yuen and Pou Sheng
Yue Yuen, the world’s largest athletic and casual footwear manufacturer, has reported a 5% rise in sales for November to $685.5 million compared with the same month last year.
In November it reported a 40% dip in profit for the first nine months due to increased contributions to a benefit and housing fund for employees in China and losses due to fair value changes on derivative financial instruments.
Athletic footwear retailer Pou Sheng, which is publically traded but controlled by Yue Yuen, reported a 20% increase over November 2013. Sales for the month reached $164 million.
The pair are owned by Taiwanese group Pou Chen, the largest branded athletic and casual footwear manufacturer in the world, which produces over 300 million pairs of shoes per year. The group accounts for about 20% of the combined wholesale value of the global branded athletic and casual footwear market.
