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Adidas said Reebok because of its performance in the US and Latin American markets weak, compared with analyst forecasts before ? 28.6 million profit, the company's Q4 operating loss of more than 239 million euros. In the industry view, Adidas's performance is in line with industry trends. Chinese sportswear goods consumption weakness extends from local brands to international brands, domestic brands are due to growth of the industry bottlenecks encountered a period of adjustment. Reebok Q4 sales fell 12% Recently, the world's second-largest sports apparel company Adidas said Reebok Q4 sales fell 12 percent to 428 million euros. Reebok brand impairment due to 265 million euros in the fourth quarter of last year Adidas losses. constant exchange rate basis, 2012 Adidas Gr cheap foamposites eater China sales grew 15%. In 2011, by the sport performance and sport fashion series of double-digit growth drivers, Greater China sales revenue increase of up to 23%. Some analysts told reporters that Reebok is not prominent in product design, "Reebok in China has not been a good record." Key Road Sports Consulting Ltd. founder Zhang said he believes that in relative terms, given the current industry background, Adidas hand over the transcripts is still good. After the 2008 stock crisis, Adidas has some experience in dealing with relevant issues. Another giant Nike's latest financial report has not been released, but after it announced second quarter results ended November 30, 2012, the net profit of $ 469 million from last year fell 18% to $ 384 million . Nike quarter sales in China fell 11 percent to $ 577 million. Insiders said that the pursuit of simple and rapid growth of the accumulated structural problems, but also affect the Chinese sports industry underdevelopment brought before the Chinese sporting goods industry both companies. Zhang told reporters in foreign countries, high-growth era of sports brand has basically ended. But in the country, the movement has not yet become a mainstream way of life, so sports brand consumption is relatively fragile, irreplaceable also strong. brand line of fall local sports brand has long sustained downturn trend. Recently, 361 degrees published 2012 annual report, its revenue of 4.95 billion yuan last year, down about 11%; net profit of 715 million yuan, down about 38%. Prior ANTA Sports 2012 earnings also showed turnover fell 14.4%, net profit is down 21.5%. Analysts view, the weak Chinese sportswear consumption have affected supplies from local brands to international brands. Zhang believes that the brands, current issues affecting the Chinese market is the main reason for its performance and subsequent development planning. Not only is the local sports brand, international brand as previously suffered a growth bottleneck caused by rapid expansion and high inventory problem. For these sports brands, from extensive to fine transition, the most painful is the process of inventory liquidation. Previously, the world's third largest German sports brand PUMA (PUMA) announced financial results, due to clear inventory, Puma's gross margin fell from 49.6% to 48.3%, especially footwear falling the most, gross margin declined from 49.1% to 46.5%. Only last year's fourth quarter, Puma losses as high as $ 56.8 million. knee after experiencing two consecutive quarters of growth, Nike also started to increase inventory liquidation efforts. "Daily Economic News" reporter had learned from insiders, this year, Nike plans to open 40 to 50 factory stores, far more than in the past this scale, while the newly opened factory store will expand to two first-line, third-line market, discounts the intensity is maintained at 3-4 fold. "Nike factory store that they opened urgently to solve the inventory problem." Nine Camp Consulting Managing Director Shao Ligang said. Shao Ligang told reporters that the sports brand is expanding rapidly as a few years ago to pay, "a few years ago are extensive expansion to drive earnings growth, and now has reached the super-saturation." sports brand of the situation this year, said analysts have said is not optimistic. Zhang pointed out that as part of the sports brand in 2012 to the inventory effect is not obvious, in 2013 the situation will be a tough year. (Chinese shoes Network - the most authoritative and most professional Footwear News)