Athletic shoe boost for Yue Yuen

21/11/2016
Outsource footwear manufacturing group Yue Yuen has reported flat revenues for the first nine months of 2016 of $6.3 billion, flat compared to the same period in 2015.

Athletic shoes accounted for just over $3 billion of the total and this segment recorded an increase in value of 2.2% compared to the first nine months of 2015. In parallel, though, the revenues from casual and outdoor shoes fell by more than 10%, reaching $917.3 million.

In terms of volume, Yue Yuen made 236.1 million pairs of shoes between January and September 2016, a year-on-year decline of 2.1%.