Stella International Holding posted consolidated revenues of $345.4 million in the final quarter of 2019, representing a 10.9 percent drop as compared to the same period in 2018. The Chinese group experienced an 8.6 percent decline to 13.8 million pairs in the volume of manufactured shoes, accompanied by a drop of 0.4 percent in average selling prices to $24.7 per pair. However, it said it continued to see “robust ordering activity” for its sports fashion footwear segment. In 2020, Stella plans to further expand its manufacturing operations in Southeast Asia, particularly in Indonesia. The group’s first factory was established in Taiwan in 1982. In 2010, operations moved to mainland China and in 2012, a new production line opened in Indonesia. The group’s headquarters is in Hong Kong. Its clients include Timberland, Prada, Coach and Nike, among others.