Stella’s Q1 sales drop as clients clear out inventories
In the first quarter of 2023, Stella International suffered a 25.8 percent drop in manufacturing revenues to $277.4 million from $374.6 million a year earlier as footwear shipments declined by 31.4 percent to 9.6 million pairs from 14.0 million as certain sport and casual customers pulled back on ordering to ...
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