Stella Slips in Q4 on Lower Casual Footwear Sales
Stella International sales declined 10% in the final quarter to $356.2 million from $396.6 million, pulled down by footwear sales that fell 12% to $342.0 million from $389.2 million. Casual footwear orders continue to be soft, but ASPs stabilized at $26.50 a pair, up from $26.10 a year ago on a better product mix. For the full year, total sales dropped 12% to $1,549.0 million on a 13% decline in footwear to $1,486.5 million.
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