Reebok stores in India have announced deep discounts,barely two months after their mid-year sales. Hundreds of Reebok stores nationwide are offering 30 to 50 per cent discounts, which some franchise owners say could rise to more than 70 per cent as the company-imposed a deadline for the switch-over to the new business model draws near. Beginning December 1, Adidas AG-owned Reebok will offer franchise owners a flat 35 per cent margin on overall sales. Franchisees say it is a deviation from the earlier agreement with Reebok under which they received a fixed annual return of 18 per cent on investment and the company picked up all the tabs, including rent and staff salaries. Franchise owners were expected to make an initial lump-sum investment in the business.