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Stella Luna Stella International manages growth in third quarter

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For the first nine months of the year as a whole, the result was up 4.9% year-on-year to US$1.13 billion.

Shipment volumes grew by 5.7% in the quarter to 12.9 million pairs of footwear, while the nine-month period saw growth of 10.1% to 39.4 million.

The average selling price of the company’s footwear dropped by 4.9% in Q3 to US$29.30 per pair and fell 4.7% in the year so far to US$28.60.

CEO Chi Lo-Jen said: “The ramp-up of our new factory in Solo, Indonesia, along with the buildout of an additional production facility in Bangladesh, is progressing as planned. Our enhanced manufacturing footprint will help us optimally serve new Sports customers in the upcoming year, while freeing up more of our existing capacity to produce higher-margin products for our growing number of high-end Fashion and Luxury customers.”

Credit: Stella Luna