BRIEF: Yue Yuen profit slips as tariffs cloud footwear demand
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Shoe manufacturer YUE YUEN IND announced on Wednesday that its revenue last year fell by 1.8% year-on-year to USD 8.03 billion, and net profit decreased by 2.9% to USD 381 million. The company stated that global footwear demand was affected by tariff policies and geopolitical uncertainties, prompting brand clients to adopt more cautious procurement strategies. Although footwear shipments slightly declined to 252 million pairs, a more favorable order mix increased the average selling price to USD 21 per pair, partially offsetting the impact of the decline in shipments
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