Pou Sheng Warns of Lower Profits to Finish the Year
Troubles continue for western sneaker brands in China, as the retail subsidiary of Yue Yuen is forecasting net income attributable to shareholders will be down around 57% for the fiscal fourth quarter ended Dec. 31 to RMB 211,000,000 ($29.3 mm), hurt by increased promotional activity. Pou Sheng expects revenue to be about ... Log in to view full article.
