Retail in Asia

In Markets

Shanghai posts feverish retail sales

A sales fever on the last day of 2013 and New Year’s Day fired up Shanghai’s retail consumption almost 10 percent from a year earlier as bargain hunters took advantage of discounts offered by retailers.

Retail sales rose 9.8 percent year on year to CNY4.35 billion (USD712 million) in Shanghai on Tuesday and Wednesday, said a survey by the Shanghai Commission of Commerce of 395 retailers, including Bailian Group, Bright Food Group and Jin Jiang Group.
 

(Source: Shanghai Daily)