Hong Kong-based footwear group Stella International has reported sales revenues of $263.2 million for the first quarter of 2020, a decline year on year of 15.8% year on year.

Over the three-month period, Stella shipped 11 million pairs of shoes, a fall of 13.4% compared to the first quarter of 2019. The average selling price of its products fell by 3.7% to $23.30 per pair.

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