国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Big companies muscle in on booming fitness sector

By Wang Zhuoqiong (China Daily) Updated: 2015-02-16 08:05

The sector has also benefited from strong government support for the health and sports industry aimed at promoting better personal health.

China's ongoing battle with pollution has also encouraged more people to stay indoors to exercise, with many gyms installing air purifiers to lure consumers.

Cao Yan, chief executive officer of PowerHouse Gym, based in Tianjin, says the company opened three new sites last year, in Beijing, Tianjin and Kunming.

With more than 20 gyms, the chain claims to have full membership and further expansion is expected, says Yan, who is greatly encouraged by the fact that venture capitalists are also starting to realize the health market's potential.

As well as its gyms, PowerHouse offers its members personal training at home, managed by a booking system which is fully online.

Sportswear producers, too, have been keeping a close eye on the growing market.

Sabrina Cheung from Adidas AG says it has seen a rise in demand for sports apparel of all types, especially running gear, helped by a surge in the number of running events being organized.

In 2015 alone, there are more than 50 marathons planned by the national sports authorities in China, not to mention countless five-kilometer runs and fun runs. "This trend is really encouraging. We are excited to see more people get involved in sports. As a leading sports brand we want to foster a sports culture in China and encourage more people to participate in various sports activities," says Cheung.

As consumers across China become more passionate about sports, they are also increasingly looking for products which help maximize their performance, according to Cheung.

Adidas sold 1.1 million pairs of its Boost running shoes and trainers, for instance, last year and targets 2.9 million pairs this year. "In fact, the response to Boost has been so positive we've decided to roll out more Boost footwear in other categories too," she says.

The revival of the sports market has also been good news for China's domestic sports brands, some of whom have struggled over the past two years just to keep afloat.

First-half profits at Anta Sports Products Ltd, for instance, rose to 177 million yuan ($28.5 million) and Peak Sport Products Co Ltd has just revealed a 31 million yuan profit increase for the same period.

In the wake of the Beijing Olympics, some high-profile domestic sports brands first saw a surge in sales, with 2008 revenues at both Anta and Li-Ning Co Ltd, the two largest manufacturers, gaining more than 50 percent.

The results encouraged Li-Ning, Anta and smaller rivals Peak and 361 Degrees International Ltd to open a total of more than 9,000 stores across the country between 2008 and 2011-an average of eight per day.

But over-expansion and poor branding soon ate into their margins, and in 2012, the industry entered a slump period. Some listed brands suffered from sharp declines and their whole year net profits dropped, with Li-Ning reporting a net loss of 2 billion yuan.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
淮安市| 六安市| 平罗县| 绥阳县| 虞城县| 塔城市| 吉安县| 当雄县| 安庆市| 神木县| 东阳市| 大埔区| 莆田市| 陇南市| 兴化市| 会东县| 晋城| 徐闻县| 通道| 松阳县| 云南省| 常熟市| 柳江县| 拜城县| 安泽县| 玉环县| 南漳县| 洪雅县| 荃湾区| 军事| 汪清县| 横峰县| 兴宁市| 会东县| 共和县| 大港区| 曲沃县| 龙江县| 滨海县| 安达市| 江阴市|