12 Apr Pou Sheng Reports Q1 Sales Up Mid-single Digits
Pou Sheng International (Holdings) Limited reported net consolidated operating revenue increased 5.2 percent to $207.4 million in March compared with the same month in 2015.
The company, which is one of the largest distributors and retailers on branded athletic footwear in Greater China, ended the first quarter with net sales of $619.1 million, up 6.6 percent compared with a year earlier.
Pou Sheng International sells sports performance and lifestyle apparel and footwear through more than 6,000 points of sale in mainland China, Taiwan and Hong Kong, making it the largest distributor and retailer of athletic footwear in China. In addition to operating mono-branded stores under license from such brands as Adidas, Asics, Columbia, Converse, Ked’s, Li-Ning, Mizuno, Nike, Oakley, O’Neill, Reebok, Rockport and Sperry Top-Sider, Pou Sheng is pioneering the multi-brand store concept in mainland China. In recent years, it has sought to expand distribution of outdoor performance brands.
Pou Sheng is a subsidiary of Yue Yuen, the world’s largest manufacturer of athletic and outdoor footwea