Sign in or Register
Español Français Deutsch Italiano Português 汉语

Operational stability is Stella International’s priority

Hong Kong-based footwear group Stella International has reported audited full-year revenues for 2019 of just over $1.5 billion. This is 2.8% down on the figure for 2018. However, Stella’s net profit for the year increased by 54.2% to $95.9 million.

The group made fewer shoes in 2019, with the number of pairs it shipped decreasing by 1.3% to 59.4 million. It said this was the main reason for the decline in revenues.

Its average selling price per pair was stable at $25.80.

On releasing the figures, chief executive, Chi Lo-Jen, said: “In 2019, we made significant progress in securing our long-term success and profitability by prioritising margin expansion over shipment volume growth. Looking ahead to 2020, our main priority will be to safeguard our operational stability.”





Smit & Zoon Jan20

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © 2020 Leatherbiz.com Limited. All Rights Reserved.