Yue Yuen Industrial reported a 10.6 percent drop to $724.6 in its turnover in June, as compared to the same month a year ago. The company pointed out that its retail segment, represented by Pou Sheng, saw its sales increase by about 3 percent to $314.4 million, which would imply a drop of 19 percent to $410.2 million for its shoe manufacturing operations. For the first half through June, the group’s total revenues were down by 19.4 percent to $5.07 billion. Another Chinese footwear manufacturer, Feng Tay, reported a drop in volume of 19.8 percent to 8.0 million pairs for the month of June.