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However, in the 2009 Beijing Olympic Games after a full year, Adidas will have to pay for their optimism before. 2009 In April 2009, a report from a third party showed that some of Beijing Olympic apparel sponsor since the blindly increase the yield, causing a large number of stocks are still unable to digest, which Adidas largest inventory , the value of goods in the country has up to 10 billion backlog. high inventory bring the increasingly tense relationship between brands and dealers, Adidas in the number of purchase, price cuts, agency and other practical problems with the dealer in a series of games, there have been broke compromise. auto forsake Adi In the company announced first half 2009 results, when Daphne International (00210.HK) announced a surprise message the industry - the decision In the second half of their hands 107 Adidas store sales all hands. The company's semi-annual report, its first half closed proxy Adidas stores up to 21. It also announced that China's second-largest women's Daphne operators, will completely agency business unless sportswear brands such as Adidas. Daphne company official said, the reasons for withdrawal that sports brand profit margins continue to decline. Prior to 2008, the Acting Adidas operating margins generally can be maintained at around 10%, but the second half of 2008, the operating margin is less than 5% already. compared to Belle International (01880.HK), Daphne can only be counted as a small and medium sized distributors Adidas. September, Belle has gradually closed the operation of a bad 346 Adidas stores. It should be said, the above-mentioned sports brand agents or closed shop, or quit, to a large extent influenced by the financial crisis since the Depression sports brand market factors. "which to a large extent on the 2008 Olympic Games in its market overestimated, resulting in a large number of difficult to digest inventory, the impact of which on its distribution levels are far-reaching and deadly." industry veteran Experts Yang Dajun said. In fact, until near the end of 2009, when Adidas high inventory problem is still no relief. Before Adidas announced third quarter results, Adidas in China and Japan-based Asian market sales fell 9 percent, a decline of 11 percent after the North American market. Adidas has even acquiesced part distribution price behavior. South Station in Shanghai Everbright Convention & Exhibition Centre and underground mall, up to 50% off Adidas product information everywhere. can not allow roots run Daphne exit may also hide a deeper meaning. Previously, Daphne was a leisure brand Adidas clover national distributor. But the "China Business" reporter was informed that Adidas has decided to withdraw the right to operate clover, clover before the agents in the hands of large-scale stores Yizao shut down. Currently, Adidas clover recover from the hands of the agents the right to operate the news has been confirmed, the industry more conjecture clover brand Adidas has focused on whether the next Direct clover. If this speculation is finally confirmed, it will no doubt be an Adidas operating strategy important benchmark: the world's leading asset-light businesses have decided to get involved in the Direct. For the issue of recovery of the right to operate clover, Adidas has not commented. Adidas dealer said, after entering the Chinese market for seven years, Clover brand did not get the main brands such as Adidas commensurate recognition, market performance is not satisfactory. On the contrary, since counterfeit products in many second and third tier cities clover popular, greatly damaged the brand's image. The above factors, Adidas clover recovery initiatives should be reasonable. In Sea Road Consulting Principal Consultant Dai Chunhua opinion, clover Adidas hands after returning there are many possibilities. One is company-owned, the other is a nationwide distributor company shares in the company is confident of accurate brand dealers after output, then by the reseller business. an industry consensus is that if you continue to indulge the brand in the hands of dealers grassroots-run, clover this "noble brand" is likely to degenerate into the next Playboy in the next few years, or Valentino. Game channels continued auto Marchi (a pseudonym) in participating in various sports brand in 2010 of ordering, there is a very deep feelings, is the brand's "posture" are beginning to lower, and brands not only offered to reduce order discount, increased advertising investment, and even offered to end section can be extended past high above Adidas is no exception. Although Marge is a region of small dealers, but he believes that with the sports brand channels to further enhance the degree of concentration, brands dominance at the negotiating table is gradually disintegrate. Yang Dajun said high inventories hard to chew, eventually digested that day. For Adidas, the channels gradually enlarge the situation is the most want to see. He said that with the rapid expansion of Belle, Po Sheng and other channels, focused trend channels will become increasingly evident. Since then, Adidas and Nike distribution channels will gradually and Li Ning, Anta and other brands homogeneity, which will further compress Adidas and Nike's profit margins. According to the reporter, in early 2009, Adidas has been brewing over a "cut-fan" of the plan, that the agency was originally granted an area of ??an agent, and in 2009 began to encourage two more dealers to compete, in order to change the current auto dominate and trends. There are even people in the industry believe, Adidas inventory digestion can not afford to delay, cut fan of policies and their implementation are also relevant. As part of the dealers have been cut fan concerns, afraid of their own hard work to lay the channels is enjoying others in the process of distribution of Adidas began not dedicated, so Adidas stock has been high.VaGaa wow is committed to the construction and operation of peer-to-peer Internet, helping the public to enjoy the convenience and shortcut of broadband internet. 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