The group’s consolidated revenue for the year ended on the 31st of December 2020 declined by 26.5% to 1 135 million US dollars, while shipment volumes for the year declined by 26.9% to 43.4 million pairs
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world
The footwear giant announced the first results of the year. Revenue in the first quarter of the year was marked by a 6.1% increase compared to similar period last year
After announcing that its fashion athletic products drove 5.9% volume growth, Stella International also confirmed they will continue to cut production capacity in China
The Hong Kong-based footwear group has announced a recovery of its footwear shipments in the last quarter of 2017, mainly led by casual and fashion products