Chinese Retail Sinks Yue Yuen in March
A 42% plunge in Pou Sheng’s retail business, largely consisting of stores it operates for major Western brands like Nike, Adidas, Puma and Skechers, sent YY’s revenues down 11% last month to $773,485,000 from $870,883,000. No color was provided for the big decline, but China’s zero tolerance Covid policy and persistent boycotts of ... Log in to view full article.
