The shoe factories here don't panic!
In the production workshop of Hongxing Erke, Anxin, Jiqian and other shoe enterprises, the automatic cutting machine runs efficiently and cuts accurately; Needle car line workers look focused, skilled work.
A set of data confirms the hot production of Anyue sports shoes:
From January to June this year, Anyue added 12 new molding shoe production lines, and shoe output reached 21.13 million pairs (sets), an increase of 74%. 14 million pairs of orders in hand, an increase of 44% year-on-year, is expected to produce 40 million pairs (sets) in the year, and the industrial scale ranks first in the emerging shoe manufacturing base in Sichuan and Chongqing region.
Foxconn builds buildings to recruit workers in Henan province
Agents say 50,000 people come into the factory in two weeks
At the end of July, Hon Hai Precision Industry Co., Ltd. issued a major investment announcement, Foxconn will invest in Zhengzhou to build a new business headquarters building to carry the new business headquarters functions.
The first phase of the project is located in Zhengdong New District, with a construction area of about 700 acres and a total investment of about 1 billion yuan.
Chen Da told The Times that the demand for production line labor is growing rapidly, the hourly wage of workers is up to 25 yuan, the manufacturing workshop is done for 3 months, and the bonus is 7,500 yuan. "At least 50,000 new employees have entered the factory in the past two weeks, and they are still recruiting on a large scale. If there is still a shortage of manpower for subsequent production, it is not a problem to raise the bonus to 8,000 yuan."
According to him, the current production line is already in full volume production of the new iPhone16.
Vans' revenue fell 21% in its fiscal first quarter
Source: Multiple media
Photo: vans official website screenshot
VF Corp., the parent company of Vans, reported a 9% drop in revenue to $1.9 billion, or 8% in constant currency, for the three months ended June 29. Net loss widened to $260 million from $57.4 million, and gross margin fell 80 basis points to 52%.
By brand, The North Face's revenue fell 3% to $520 million, Vans' revenue plunged 21% to $580 million, Timberland's revenue fell 10% to $230 million, and Dickies' revenue fell 15% to $120 million.
By region, U.S. market revenue fell 12% to $1.04 billion, EMEA market revenue fell 5% to $550 million, and Asia-Pacific market revenue fell 3% to $310 million.
By channel, retail channel revenue fell 10% to $880 million and wholesale channel revenue fell 8% to $1.03 billion.
VF Corporation announced in July that it would sell its Supreme brand to Ray-Ban parent EssilorLuxottica Group for $1.5 billion, or 10.8 billion yuan, in order to pay off the group's high debt.
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