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the first H? half of the n? next year, M? markets or 24% 6 b? n rsennotierte company expects this year? next year to benefit reduced by 8%. Current industry fundamentals  not signs of significant improvement, with Anta, Pico (Pico-shop) developed (1968-HK) and step (memory) (1368-HK), will this month, orders for the   new balance 574 passport pack uk second quarter of the n? next year ver? are published.Credit Suisse sch? about 6 companies retail Vorr? te amounted to 35.6 billion yuan, w? while the Cash Flow increased more than 4 times, in what Anta shortest turn. If these companies to Gro? trading prices back does need to buy, Anta, Pico and trends (3818-HK) enough

Cash to the deal? acclaimed retail Vorr? te/sales jiten? ratio 10 times and 5 times, 6 times times times one after the other.Moreover, this rising of the international brand market share, but only last year. Brand on the Mainland, Anta's market share in the past year (14.3%), followed by step (6.8%). (China-shoes excursions, which ma? gebendsten footwear industry information center) "Chinese brand shoes network Dynamics" Nike announced the contract of the sale surprised   new balance 574 rugby pack uk  many Fu? ball fans in their price of $225 million will be sold under the brand name yan Bao at Aikangnisi brand group, said, the

Transaction is completed the end of 2012. Nike PR? President and CEO Mark Parker said the initiative to his "focused on opportunities with the gr?"ten potential growth".Yan Po was originally a United K? therefore established Fu? ball manufacturer, the year 2008 was of Nike products at 285 million pounds price will gap in Fu? ball and adidas acquired was sold after only 4 years. "Such as Nike, it's no fault of the business? area, Yan Bao get a lot of Nike Fu? ball sponsorship and Werbem? to acquire benefit."Analysts say, almost 4 years with brand, the latter"squeeze" the commercial value of the the former. "
 

This is a common brand of Trek China travel to Bermuda triangle, it seems some high and low end brands w? re not fair, sports brands usually cold at the same time, there are also many black horses in sight, handed the sch? ne Ergebnis.Kontraste with the Li-Ning is represented by Hermes luxury market, represented world luxury t  new balance 574 floral hemp pack uk  he blue book on the official by the network operators, such as Han Dou Yishe rendered images from the hustle and bustle of the low end Markt.Nach 2011 association according to report market for luxury goods consumption in China amounted to US $10.7

Billion dollars up to 2012 is threatening the world's gr Japan?to overtake Te consumers of luxury goods. Among them, the LVMH is in 2012 with sales of 6.6 billion euros in the first quarter by 25%. Hermes Euro 2012 814,5 million turnover in the second quarter an increase of 13.4%.The consumer increases aggregate demand for high-end luxury goods market, and also with a certain rate of dynamics, excellent prospects in China and "Qian Jing" is very promising. On  new balance 574 hologram uk   the other hand, low-end market represented by network operators also do well.

Ver? released in August 2011, 2011 network business development study found that e-commerce quickly penetrate deep into all areas of traditional industries, the development is boiling, enter w? while network operators Gruppengr?e has grown and from the first H? half of year 2011, is expanding the number of network operators in China to 83 million. Report dasNetzwerk Gesch? ftsentwicklung net birth, development and growth, the mainstream for ten years in the past decade. Network operators, the future development of the new decade is novice? gradually growing network business? ft ver? changed the social and new commercial Corporation for ten years.
 

At the same time, high inventory is 2012 clothing enterprises facing difficulties. Publicly available data show that the first half of 2012, Li Ning and Anta, xtep, 361 degrees, 42 listed clothing companies such as peak inventory total as high as 48.3 billion yuan. In order to absorb high inventories, the apparel brand in the second half of 2012, set off a wave of discountsNoble birds themselves are difficult to separa  new balance 574 alpine pack uk  te from outside the sector. From elegant bird prospectus disclosure of inventory turnover and tax benefits or risks of cancellation, elegant birds of high growth performance is exceedingly difficult to continue.

First of all, judging from the stock turnover, elegant birds inventory turnover has been accelerated, in 2009 from 6.4 in 2011 to 9.44 times, which means elegant bird inventory turnover days from 56 days to 38 days.However, although the stock turnover increase, elegant birds still a substantial increase in its inventory. Elegant birds 2011 for its inventory of 142.8023 million Yuan, is the end of 2010 to increase of 57 million Yuan, an increase of 65.68%. At the same time, 2011 stock is higher than the 2009 stock 49.0027 million Yuan.Meanwhile, the elega new balance 574 carnival uk  nt birds as foreign-funded enterprises, exempt from income tax in 2008-2009, halving income tax during 2010-2012. From 2013 onwards, in the absence of other new preferential tax policies, income tax rates will return to

normal.Elegant bird in the prospectus admits that may run the risk of tax due after listing. Prospectus showed that noble bird in 2008 began to enjoy tax benefits of halving national exemptions and three, during the 2008 and 2009 will be exempted from tax, halve the period from 2010 to 2012, tax, income tax rate 12.5%.2011, 2010 and 2009, the preferential income tax net income, respectively, and 10.36%, and 30.46%.Elegant birds is not a premium brand in the Chinese market, noble bird in its prospectus also admitted that foreign brands such as Nike, adidas, with its strong research and development and capital strength, firmly occupy the domestic sneakers serve high-end markets. Li Ning and Anta, represented by leading

in the first half, can be found, net profit in the second half only for 84.242 million Yuan, 12.39% per cent of net profit for the year.Company said in announcement, profit declined due mainly to China's sportswear industry face persistent challenges, industry inventory and retail discounts continues to be a high stress level,   new balance 574 canteen pack uk  the performance of the industry between 2012 to fierce competition for continued involvement, resulting in overall lower sales volume, pressure on gross margins, sales costs have increased more than by the end of 2011.From the company's fall/winter 2012 order data, its orders in the industry boom-extremely poor situation still has 2% growth and good performance increase in total

orders of children's clothing business is 20%. companies said the company delayed orders receivable, after August 2012 will be coming in.Moreover, substantial shareholders of the company United States bank holdings of companies on October 12, 2012, at a cost of $ 5.6 million, increased to 2.55 million shares.Both messages would be good for companies, and judging from the data company's performance slumped far beyond investor expectations. (China-shoes excursions, the most authoritative professional shoes industry information centre)"China shoes network-industry news" also price of Nike (stores) sneakers and domestic

brand as Li Ning (Lee Ning stores) (stores) or Ann stepped sneakers pendulum in shelves Shang, you will select which a? recently, Changchun consumers du ladies shopping found, "this  new balance 574 five rings uk  year, many like ADI and Nike such of international brand price also not is high, some even also below domestic like Li Ning or Ann stepped of price. "Yesterday, the reporter visited Chongqing Road, Changchun City, Guilin Lu and Hongqi Street, several nearby sports brand stores and counters, and found that many international sports brands in sales. Industry analysts, sports brands fight for market turmoil unfolding at home and abroad.Discount for international sports brands
 

"Kang step, current status of the sporting goods industry is a crisis and an opportunity. "Wang Longshui, say, in the face of brutal competition in the industry, most of the sports brand marketing spending exception cautiously, and are passively waiting for winter sporting goods industry in the past, while Kang stepped in aggressively.This year, Kang stepped sponsored "in 2012, the world women's volleyball  cheap new balance 574  Grand Prix" and "2012 the Thomas Cup and Uber Cup badminton tournament" and a series of big events at home and abroad. Kang step sponsor the event, is not blind, on a whim. Wang Longshui said Kang stepped on the area of the sport of badminton, are paying more attention to, such as Kang stepped ever

sponsored "2008 National Badminton Championship", "Asian Badminton Championships in 2011," and this year's "Asian Badminton Championship". Kang stepped through through partnership with these professional sports opportunities, there is an increasing brand visibility and influence in the sports industry.Kang, tap   new balance 574 candy pack sale   has been steadily since the development strategy mode, enables enterprise development has been in a State of health. And in terms of branding, cautious image compared to other brands, today's sports riding is particularly eye-catching.

Wang Longshui said Kang stepped in one or two lines facing facing most small brands brand channel sinks when threatened, proposed ", one of the elite" Terminal to cope with the challenges of reform. In Terminal number development increasingly caution of today, Kang stepped will continued strengthened Terminal sales personnel of operations capacity of training, and through national tour training will, while in national Shang thousands of stores in the appraisals out excellent of Terminal exhibit shop and giving award, constantly optimization Kang stepped Terminal shop of image, practical sophistication terminal management strategy, to this to improve Kang stepped in market Shang of integrated competitiveness.