Retail in Asia

In Shops

Sales during Shanghai shopping fest rise 10.1pc

Sales during the monthlong Shanghai Shopping Festival recorded a new high as consumers took advantage of the good weather and the innovative efforts of shops to spend more.

The 6,200 outlets of the city’s 480 retailers that were tracked by the Shanghai Commission of Commerce generated sales of CNY30 billion (USD4.89 billion) during the festival, a jump of 10.1 percent from a year earlier. The rise compared with Shanghai’s retail sales growth of 8.4 percent in the first eight months, and was nearly level with the 10.4 percent registered during the weeklong National Day holiday.

"The good weather in the past month is no doubt a contribution," said an official surnamed Chen with the commission. "But more importantly, local retailers use all kinds of new technologies to get closer to consumers."
 

(Source: Shanghai Daily)

In Markets

Sales during Shanghai shopping fest rise 10.1pc

Sales during the monthlong Shanghai Shopping Festival recorded a new high as consumers took advantage of the good weather and the innovative efforts of shops to spend more. The 6,200 outlets of the city’s 480 retailers that were tracked by the Shanghai Commission of Commerce generated sales of CNY30 billion (USD4.89 billion) during the festival, a jump of 10.1 percent from a year earlier.

 

(Source: Shanghai Daily)

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