⡘ุₒ㔂
䒄 ɚ H Ҕ ᡦ c ৵ 儤 ɓ ᘥ ⥓ . d ㊀ 㢘 d Ν ⥓ Ϟ Τ 䍔 ϓ ৵ f ɓ ϋ d ㆐ Շ ⊄ ৵ ᠳ ɛ ⢑ 䒄 兴 ุ ̬ 儤 ⥓ ɗ ٫ x 䈢 ⡘ ï ɧ . f ☕ 兴 ϋ ৵ Ό 䀄 i ᚑ d ነ ɽ d ⚅ 㢔 ਗ ʔ ⢑ ̥ ᜴ ⡐ 㤂 d ᐤ ㌲ 㢔 Ց 㤄 Ϟ 㢘 Ϟ ≈ 、 ᜱ ᝁ だ ̬ ⡙ ਗ ̘ ㊀ ㆐ ᠳ d ֙ ᚑ ᜱ ဓ ɽ 䥲 ː ᘥ Ը も ⥓ 䈢 ⠧ 㢘 ဓ ɽ ʔ ɛ i っ ㊀ 厗 ֙ ৵ Չ ฦ ㆐ Τ ざ ᥲ ־ ᘥ л d ኘ 䉩 㤇 Շ ɰ Ϟ Ν Ϥ ㍄ d ⦗ ϓ 刢 ᡦ ɓ ϓ ર 䍘 j ᤩ c ᕄ ɰ ᡦ Ό ฦ ㌲ 䍔 d ʔ ℉ ᚑ ̃ ¢ f ᡦ ⥓ ⡐ ⎂
Շ
´
Puma
Adidas
⡙ 䦅 䉨 d ʔ ν 䉩 ᡦ x ʔ 〉 ≧ f
ϋ ̹ ℉ 䄗 ɓ ℀ d ⦗ ᡦ 䐙
Puma ̹℉ᡦ2ϋᜱᘥ
Zeitz
Г ℓ 䄵 ┐ 䠦 ₀ ኘ ਨ 唥 ɚ Τ ν ৵ ν f ¹ ㌐ d ঐ 㐔 Ш 䜒 f ึ Ӳ ɤ ɛ ʦ ʦ i ᜱ ⥓ ᘥ 䀨 ᚆ ί ⥓ H ធ ɓ ï 0 ઋ ৵ U Î 䤲 ᝲ ɰ ৵ d x
ነ ɽ 㔶 㝧 A ဢ ऎ ̹ ㈀ ᜱ ㄡ i ᦙ d 㢔 ⡘ ʊ 㝧 ᚘ 䎃 ̬ Ҭ ੂ ᦒ ᙵ ⥓ ਗ ᘥ 墘 d 〕 ❇ ≧ 唡 ⥒ ϋ Б ⥓ d ᡦ ศ ৵ ৗ ֠ ㌑ ᦒ 䊈 ᚇ ৵ ➂ 䠵 ̬ 䒙 f d d Ӛ 䄂 ɗ ㊀ f 㢔 ধ ˜ ɛ ♸ ऊ ɛ 䉩 ੂ 䀀 ᡦ ᥣ ਗ d ʕ 䘶 㐶 㐹 j Б 夑 ! Ҭ ί 䜒 Ϛ ᦒ c 堀 ਸ਼ ᘥ c ᚇ 㢔 ٫ ᕃ Ң ̚ ♗ ਗ һ ⡒ 䄁 〗 f ̮ ㌑ ⥓
2.3℀ Puma
Beastie Boys
Jochen
Grazutis
Chen
划 ↂ ⥹ ⁕ ⚃ 䔖 ึ é ਗ ន 㔢
Τ ɛ $ ነ મ ʱ ᦘ Փ
˥ ̬ ʱ ʘ ɧ f
ϋ ᜱ 㤇 Շ ℀ d
U A
̹ ℉ Ν ㈂ 关
㢔 ਗ ㊀ f ν ʦ ⥓ ৵ ̹ ℉ ᡦ Շ
̺ 㑄 ᦀ 㑃 ቴ U d A ɚ d ϓ ɓ ᤩ ɖ Ό ϋ ⡐ ᠑ ⢑ ⥓ ɧ ৵ ɽ 儤 ´
ᘥ 㢔 ᦒ ɛ 墘 ⥓ f ਗ ╤ ℓ ʷ ⥓ ৵ i Î ኘ у f ৵ Ϊ В Դ 厗 Ϥ d 䉩 f ί Ը ኘ c d ʱ դ 㢔 ⅅ ₀ 〕 ν ᕕ ਥ ਗ Ϊ ⡒ ∘ ʔ ʦ 㠒 奔 ; d x ᡦ ɽ ख़ e 㒅 ₕ 䠦 ≅ ε ㅲ 㥁 ₒ ! f Ը 䑤 䐘 䤕 ᡦ ί 㢔 ɛ ৫ ┐ 儷 ɚ ਗ 㐹 ɰ d 䀄 ´
ɓ ɖ ϋ ৌ d ⥓ ৵ ʞ ɽ ㌲ ⡙ ʘ
Under Armour
Wedbush
Bjorn Gulden
☕ Վ ਠ ₈ ̺ ᅦ
Puma ϋϓ兴ᜁ⡵d儤Øe̹℉ᥣ͂❇UA {{2017ϋ㢔ਗ㊀儤q 儤 ²䍔 é´
300
˖
250
μ
35 30 25 20 15 10 5 0
{{PumaeUA 2ϋ̹℉w㢈 ̹℉²䍔 é´
200 150
Puma 77
100 50
UA 68
0 Nike Adidas Puma
UA New Balance
2016
เ ˇ ♸
Æ ነ ㌲ 垀 ˝⡙ っ 㢔 ̈ ਗ ㊀ ဠ ɧ
䍘 䕅 e Τ ं ʔ ν 偂 倖 d ̴ ҷ ㍑ ᔲ ᡧ ざ ɽ І
2018
㡱≤Ը๕jNBSLFU JOTJEFSeZDIBSUT DPN 䠆⡑jเˇ♸
ਠุմ̊1591㈂2018.5
86