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[Chinese shoes Network - Brand News] As of the second quarter report Nike released on November 30 showed that its net profit $ 384 million, up 18 percent drop, while China business, whether sal Retro jordans for sale es or orders number have declined, driving down the overall level of profitability. Forced by competitive these domestic counterparts, like Nike, Adidas foreign brands have been involved in the promotion battle, often sold at a discount product. Nike China sales fell 11% According to Nike, the company reported second-quarter earnings, the second quarter of the fiscal year ended November 30, the net profit of $ 469 million from last year fell 18 percent, recorded a $ 384 million, mainly due to Umbro ColeHaan two business losses and $ 137 million. Recalling the previous quarter, Nike's net profit was $ 567 million, down 12%. But it is worth noting that the weak Chinese sportswear consumption have affected supplies from local brands to foreign brands. Nike from $ 5.55 billion last year rose 7 percent to $ 5.96 billion in the second quarter Revenue. However Among them, China's sales performance was compared with North America, Japan and other emerging markets appear to be weak. Sales from the Chinese market, fell 11 percent to $ 577 million. Meanwhile, in December this year to April next year, Nike shoes delivery orders increased 6% to $ 9.3 billion, down from 13% last year. The orders from China has declined 6 percent, and some analysts believe that Nike's sales in China would not have improved at least the next six months. inventories increased involvement in promotion battle With the economic slowdown in China lead to a decline in consumer demand, many sports brand performance are affected. In the mall, the reporter saw, in addition to local brands, but because of competitive these domestic counterparts, like Nike, Adidas foreign brands have been involved in the promotion battle, frequent discounts to sell their products. Nike official store, the reporter saw part of the Nike sports apparel and shoes are playing 6-7 fold range. From the transaction, the number of goods in 2011 still show the old stock. In the Adidas Lynx official flagship store, the discount rate is more powerful, from 4% to 9 fold range. Nike side said that the Chinese market is indeed facing the challenges of high retail inventory levels appear early this year has been efforts to reduce inventory in China. specifically for the apparel brand name to build a promotional platform for the purchase, general manager Jiang Zhongping, told reporters that this year were purchased in Guangzhou to engage in several special promotion, Nike, Adidas dealers are involved, and promotional efforts are very large, up to 1 -5 fold. "A lot of dealers are 4.5 fold to get the goods, such a low discount, basically lose money selling the visible, not only local brands, international brands actually not better than.." 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