Taiwanese shoe manufacturer Yue Yuen Industrial (Holdings) Ltd. said on Tuesday that first quarter revenues fell, while shoe shipments were also down. Yue Yuen is a manufacturer of athletic/outdoor and casual shoes . For the first quarter ended March 31, it said total revenue was down 2.2 percent to $1.99 billion versus year-ago revenue of $2.03 billion. By business operation, athletic/outdoor shoe manufacturing revenue was down 6 percent to $971.7 million, with casual shoes and sport sandals production revenue falling 4.7 percent to $196.2 million. The manufacture of soles and other shoe components posted a 1.5 percent decline in revenue to $87.5 million. The company’s retail arm Pou Sheng reported a 4.1 percent revenue gain in the quarter to $730.0 million. Pou Sheng’s sales in the Greater China region includes shoes, apparel and commissions from concession sales as well as other income. Yue Yuen also said that the volume of shoes shipped during the quarter fell by 8.1 percent to 56.9 million pairs.…