World Footwear

Yue Yuen

Yue Yuen on a downward trajectory

Nov 16, 2023 / Hong Kong
The Hong Kong-based group recorded a decline in revenue and profits in the first nine months of the year, as compared to 2022, due to a weak performance of its manufacturing business

Another round of lay-offs at Pou Chen in Vietnam

Sep 5, 2023 / Vietnam
The Baoyuan Vietnam shoe factory, which is run by Yue Yuen, a subsidiary of Pou Chen Corp, has laid off 1 221 people at the end of August. Since the beginning of 2023, around 10 000 jobs have been cut

Yue Yuen posts revenue and profits decline

Aug 28, 2023 / Hong Kong
The Hong Kong-based footwear group announced that this year's first half revenue declined by 11.8% year-over-year, while the profit attributable to its owners fell by 52.2% year-over-year

Yue Yuen issues profit warning

Aug 3, 2023 / Hong Kong
The group has informed its shareholders and potential investors that it expects a first half profit decline between 50% to 55% from the 175 million US dollars recorded in the same period of 2022

Yue Yuen first quarter revenue decreases

May 17, 2023 / Hong Kong
The Hong Kong-based group revealed that its early 2023 revenue has declined due to lower global footwear demand against a backdrop of “relatively high inventory levels” across the industry

Yue Yuen to invest 276 million USD in a factory in India

May 5, 2023 / India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India

Yue Yuen warns on cloudy short term outlook

Mar 28, 2023 / Hong Kong
Despite reporting revenue and earnings growth over 2022, the group highlighted that the demand for footwear remains cloudy in the short term due to the many global headwinds impacting the business

Yue Yuen revenue increases

Nov 16, 2022 / Hong Kong
The group posted an 8.2% revenue growth in the first nine months of 2022, year-over-year, with the solid performance of the manufacturing business being partially offset by weak retail sales in Mainland China

Yue Yuen posts revenue decline

May 18, 2022 / Hong Kong
The group informed that despite global strong demand for its products, revenue was down by 4.% in the first quarter of 2022 due to COVID-19 outbreaks in Mainland China

Yue Yuen turns around

Mar 25, 2022 / Hong Kong
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment

Pou Sheng strengths partnership with Nike in China

Jan 18, 2022 / China
Yue Yuen’s retail subsidiary Pou Sheng International has boosted its cooperation with Nike to offer a more convenient and personalized omnichannel retail experience

Yue Yuen raises sales

Sep 8, 2021 / China
The China-based footwear giant has announced first semester results marked by the increase in sales of 17.7%. The group talks about the recovery from the low base registered a year ago

Two digits monthly increase for Yue Yuen' sales

Apr 20, 2021 / China
The Chinese footwear giant has announced two digits increase in sales registered in the month of March 2021. The first quarter of the new fiscal year also marked by recovery

Yue Yuen’s sales down by 16% in 2020

Mar 28, 2021 / Hong Kong
During the year under review, the group recorded revenue of 8.44 billion US dollars, representing a decrease of 16.4% compared with the previous year. The fall in revenue was mostly attributed to the impact of the COVID-19 pandemic

Yue Yuen with 136.7 million US dollars loss

Sep 11, 2020 / Hong Kong
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
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