10 Apr Pou Sheng Reports Q1 Sales up Nearly 24 Percent
Pou Sheng International (Holdings) Limited, which is one of China’s largest retailers of branded athletic footwear and apparel, reported net sales increase 16.7 percent in March and 23.9 percent for the three months ended March 31.
The company reported net consolidated operating revenue reached $197.2 million in March, compared with $169.0 million in March, 2014. Sales were $580.5 million for the three months ended March 31, compared with $468.7 million in the first quarter of 2014.
Last month, Pou Sheng reported sales increased 11.4 percent to $1.98 billion in the year ended Dec. 31, 2014, as a 15.4 percent increase in retail sales more than offset declining sales from licensed brands and OEM operations. The company ended the year with nearly 4,300 retail outlets and 2,700 sub-distributors. Pou Sheng is a publicly traded subsidiary of Yue Yuen Industrial Holdings Inc., the world’s largest manufacturer of athletic and outdoor footwear.