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Belle international year of 2012.5 's annual report shows that its footwear business 2012 10.248 billion yuan in revenue in the first half, private label revenue accounted for more than 91%, only 7.4% brands but footwear owned and acting 15.1% and 36.8% per cent respectively.This is exactly what investors worry about why Belle broke up with partner – the company's footwear business should focus on future growth potential for the brand.Statistics show that Geox (keys new balance 574 alpine pack uk Le Shi) for Italy's first men's shoes, the world's second-largest casual footwear brand, in 2008, Geox and Belle signed an agreement granting the latter the right to its

exclusive distributor in mainland China, but in 2012 the fourth quarter, Geox founder and Chairman Mario Moretti Polegato said, cooperation between the company and the Belle would expire at the end of 2012, 2013 not to renew their contracts.The same situation happened to Belle international sportswear businesses on. But with the footwear business mainly different brands, Belle sportswear new balance 574 carnival uk business for the distribution agent, in which two major sports brands Nike and Adidas 88.6%,Kappa Revenue Agency covers the first half of 2012, PUMA, Converse and Mizuno, second-tier sports brands accounted for more than 11%.

Campaign "lame"Investors ' biggest concerns are inventory and sportswear business, while its high cool operating environment as a whole.But in General, even Belle 15%~20% sales in China, considering the latter 2012 total revenues of about 1.6 billion ~17 billion, Kappa is about $ 300 million worth of agent Belle years accounted for its 2012 year exceeded 30 billion yuan in sales revenues of approximately 1%. Geox annual agency revenue share is relatively limited.Based on this, Belle international 10%, net profit fell in the second half of 2012. Investors ' biggest concerns are inventory and sportswear business, while its high cool