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In the absence of a well-established wholesale market, we have built a significant own-retail model. Disposable Income Chinese consumers with rising disposable income are increasingly shifting from local sneakers to international brands, including Adidas AG, Nike Inc. and Under Armour Inc. Compared with the industry giants, Amer Sports has a long way to go. Nikes sales in greater China rose to $1.06 billion in its last fiscal quarter while Adidas had 741 million euros in quarterly revenue there. Under Armours international operations had $215.3 million in sales last quarter. We are still a small player in China, Amers Takala said. We can still have footprint-based growth-- we are not yet at the stage where its only about driving more demand. The sportswear companies are not yet feeling the burn from slower consumer spending thats hurting many consumer companies, alcohol makers and apparel brands in China. A government clampdown on excessive gift-giving by public employees is also acting as a brake. Under Takalas stewardship, Amer Sports has grown sales more รองเท้าส้นสูง ราคา than 70 percent to 2.62 billion euros in 2016.

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