Consumption potential continues to be unleashed! During the Spring Festival, the average daily retail sales of key retail enterprises increased by 24.0% year-on-year.
CCTV.com News: According to the latest monitoring data from the China General Chamber of Commerce, during this year’s Spring Festival holiday, retail sales of goods maintained rapid growth. The average daily retail sales of goods at 100 key large retail enterprises nationwide increased by 24.0% year-on-year, with consumer potential continuously releasing.
During the Spring Festival, the average daily retail sales of gold, silver, and jewelry products increased by 33.4% year-on-year. Sales of gold, silver, and jewelry products surged in first-tier cities.
Festive gatherings and other demand drove a significant increase in related product sales, with food products’ average daily retail sales rising by 23.0% year-on-year. Driven by returning home to visit relatives and the need for holiday renewal, clothing products’ average daily retail sales grew by 17.3% year-on-year, with sportswear showing outstanding market performance. Additionally, the policy of exchanging old for new boosted the average daily retail sales of communication equipment products, maintaining double-digit growth year-on-year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Consumption potential continues to be unleashed! During the Spring Festival, the average daily retail sales of key retail enterprises increased by 24.0% year-on-year.
CCTV.com News: According to the latest monitoring data from the China General Chamber of Commerce, during this year’s Spring Festival holiday, retail sales of goods maintained rapid growth. The average daily retail sales of goods at 100 key large retail enterprises nationwide increased by 24.0% year-on-year, with consumer potential continuously releasing.
During the Spring Festival, the average daily retail sales of gold, silver, and jewelry products increased by 33.4% year-on-year. Sales of gold, silver, and jewelry products surged in first-tier cities.
Festive gatherings and other demand drove a significant increase in related product sales, with food products’ average daily retail sales rising by 23.0% year-on-year. Driven by returning home to visit relatives and the need for holiday renewal, clothing products’ average daily retail sales grew by 17.3% year-on-year, with sportswear showing outstanding market performance. Additionally, the policy of exchanging old for new boosted the average daily retail sales of communication equipment products, maintaining double-digit growth year-on-year.