Athletic shoe sales provide Q1 growth for Yue Yu - sportstextiles: Lea SportsTextiles

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Athletic shoe sales provide Q1 growth for Yue Yuen

12/05/2017
Outsource shoe manufacturing group Yue Yuen achieved revenues of $2.1 billion in the first quarter of 2017, which represents growth of 3.6% compared to the same quarter last year.

Sales of athletic shoes accounted for 47.4% of the total, bringing in $996.1 million. This means the athletic shoe category enjoyed growth of 3.8% for the quarter. Casual and outdoor shoes brought in $261.4 million. Other sources of revenue for Yue Yuen are retail sales, soles and footwear components and sports sandals. Retail’s performance grew by 9.2%, but the other non-athletic shoe categories recorded declines.

It sold 80.7 million pairs of shoes in the three-month period, flat compared to the first quarter of 2016.


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