Stella International Expects New Shoe Factories to Start Production in Back Half of 2026 [Yahoo! Finance]
Nike, Inc. (NKE)
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Source: Yahoo! Finance
The Hong Kong-based shoe manufacturer said it is focusing on ramping up three new factories in Indonesia, Bangladesh and Vietnam in 2026 as part of its recently announced three-year plan . Along with its existing factory in Solo, Indonesia, the company expects the new factories to add about “20 million pairs of additional production capacity over the coming years.” More from WWD The Best Nike Shoes for Walking to Shop Online This Year How to Shop Zendaya's Latest Co-Created Sneaker With On and Law Roach (Before It Inevitably Sells Out) Op-Ed: Whistleblower Testimony Confirms Systematic Forced Labor in Xinjiang Stella made that disclosure in its first quarter revenue report for the first quarter ended March 31. The company said revenue grew 2.2 percent to $327.4 million from $320.5 million in the same year-ago period. Revenue was helped by a 3.8 percent uptick in the average selling price per pair to $27.40 versus $26.40 a year ago in the product mix within its sports shoe
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