Rockport Archives - Inside Retail Asia
Chinese sports-shoe manufacturer and retail conglomerate Yue Yuen Industrial is predicting a loss of up to US$70 million in the March quarter as a result of the Covid-19 crisis.
Shoe manufacturer and retailer Yue Yuen Industrial says the coronavirus crisis will have a significant impact on its revenues, with its store network and factories heavily disrupted by closures.
Yue Yuen Industrial boosted revenue by 6.3 per cent last year.
VF Corp has agreed to sell the surf-inspired sandal brand Reef to Rockport.
Adidas AG has agreed to a settlement in its Rockport bankruptcy dispute.
Struggling footwear retailer Rockport Group will be bought by private equity company Charlesbank Capital Partners.
Mainland shoe retailer Pou Sheng boosted sales by 26.9 per cent in the last quarter, to US$858.5 million.
Beijing Capital Grand has launched its fifth outlet project, Hangzhou Capital Outlets.
Hong Kong-listed footwear manufacturer and retailer Pou Sheng International is embracing story-telling and experiential features in its stores.
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map).
Yue Yuen says retail sales of its sportswear in Greater China rose 16.3 per cent in the year to December 31.
Shoemaker and retailer Yue Yuen Industrial says retail and wholesale sales of sportswear in Greater China rose 19.6 per cent in the first nine months of this year, due to an expanding store network.