Today, Xtep Intl's Vice President Ye Qi made an bullish comment on the co, saying that it aims to reap more than RMB 5 bn in sales revenue this year. He also added that the mainland's sportswear market value is estimated to swell around 20% in the next three to five years. In addition, he believes that Nike Inc's strategy of cutting prices in Chinese second- and third-tier cities will have a little impact on Xtep International's market share
This could bring some relief to other domestic players such as China Hongxing and China Sports
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