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In Xtep (stores) announced in 2013 intended to close 100 to 200 stores, the world's third largest German sports brand PUMA (Puma (store)) today announced that it will close more than 90 unprofitable stores, which is Transformation its implementation and cost reductions as part of the planning process. fell sharply to 85% in the third quarter of 2012 net profit, the Puma Group recently announced financial results, the fourth quarter of 2012, the group losses of up to $ 56.8 million. The industry believes that, in addition to the continued downturn affected the European market and the Chinese market challenges, the performance of recession but also jordans on sale online with Puma in continuing to lead the lackluster trend and other factors. And local sports brand recently closed shop tide as turned off Puma store losses, and then select the new market shop also actively adjust its performance. Sales bottlenecks encountered Puma previously reported financial results, the year 2012 its consolidated sales rose 8.7%, slightly lower than the expected total. Due to clear inventory, Puma 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. In addition, Puma has suspended a number of non-profit cooperative agreement, withdrew from the European football market, 2013 will cease navigation products, the product will focus on outdoor sports. Puma CEO in previously released earnings report said that the current first target group has not reached the amount of 4 billion euros in revenue, but to improve profitability. For Puma sales bottlenecks, industry analysts believe that the continued downturn in the European market and the Chinese market challenges increase is external. In the key way sports Consulting Ltd. founder Zhang opinion, the current situation affecting the industry trend Puma has, but with its own business also has a relationship. Zhang told reporters cheap air jordans that the past Puma's distribution is done through agents, but agents are not mature Puma does not have strong bargaining power of brands and channels, so in recent years, progress in the Chinese market Puma He has not been very successful. In the entire sporting goods industry to adjust background, Puma second-tier brands such impact is relatively large. In recent years, the continuing lackluster Puma trendsetter. In the industry view, Puma rather awkward position, the price is higher than the domestic brands, but the layout of the small city of less than the local brands. Compared to Nike and Adidas, Puma consumers keen degree of seems relatively low, despite the lower discount, cares not many customers. "Puma think out of the woods, I am afraid to be adjusted." Zhang says. closed unprofitable stores Insiders pointed out that it is part of the Puma store adjustment cuts. Reporters learned that the second half of 2012 since the Puma on the implementation of restructuring and cost reduction program, will also continue this year. It closed more than 90 unprofitable stores to cut costs but also to the specific embodiments, Correspondingly will be reduced by about 450 jobs. In this regard, the Puma side said, 2013 will continue to open new stores in profitable position, the main objectives in the emerging markets. It expects to Retro jordans for sale open 540 new stores by the end of 2013, compared with 2012 to open 590 new stores throughout the year, it has decreased. Meanwhile, the company also cuts affect the profitability of the production line, plans to cut about three percent by the end of 2015. Zhang believes that due to the poor profitability of the store, and the channel has always been a preferred choice, there must be such an adjustment. And turn off unprofitable stores, and then select the new market shop also actively adjust its performance. Although it did not specify the area closed shop, but the Chinese market among the closed shop area should be no doubt. It is worth noting that the view was that, under the background of slowing market growth and increasing pressure on overall profitability, the future of closed shop tide will continue to spread to the entire sporting goods industry. Investment Advisor in the retail industry researcher Du Yanhong told reporters that the brand closed shop because of a higher concentration of the current downturn in sports business environment, less market demand for sporting goods. "currently closed are some inefficient stores, can reduce the company's expenses, reduce operating costs; close inefficient stores can effectively improve the performance of the company, has an important role to reduce inventory, it can be seen buy cheap jordans online inside the enterprise shuffle, can experience poor elimination stores, to concentrate on developing high-quality stores. "Du Yanhong explained. And Zhang also believes that the entire sports brands collectively shut shop reflects the overall bottleneck of the industry. On the one hand, high-margin, high-growth era is over; on the other hand, through a large opening new stores to increase sales growth model has been difficult to sustain. In this context, follow-up or Puma still have a chance. "sports brand industry homogenization more serious, and Puma who have made their own characteristics, if we can continue this practice, still have a chance." 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