Sales up over the holiday
Print Edition
SHANGHAI’S residents were in the mood for spending over the holiday with retail sales in the city up 10.3 percent compared to last year, according to the city’s Commission of Commerce.
They spent 13.38 billion yuan (US$2.12 billion) from September 24 to yesterday, the period that contained both the Mid-Autumn Festival and the National Day holiday and which coincided with the Shanghai Tourism Festival and the Shanghai Shopping Festival.
The commission said sales of jewelry were up 31.6 percent compared to last year and cosmetics saw a 23.7 percent increase.
Only convenience stores reported a decline in sales. All other retail outlets reported increased business.
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