Home / Knowledge / News / Retailers delight over making a record sale
Retailers delight over making a record sale
Feb '08
Heavy pre-holiday snow proved a blessing for the retailers in Shanghai. Sales during the Spring Festival turned out to be the highest in eight years.

Travelers forced to stay within the city due to heavy snow went on a thorough shopping spree despite surging prices.

A total of 360 large and medium sized retailers together procured nearly 4.2 billion yuan (US$584.18 million) during a week's holiday that started from February 6. The shopping centers earned about RMB1.05 billion up 24.1 percent, while specialty stores generated almost RMB753 million, 38.6 percent higher than that of the previous year.

Supermarkets and convenience stores also rose by 14.9 percent to RMB 2.27 billion. On the whole, the sales went up by nearly 20.5 percent compared to the year before.

It was a rare sight to see a teeming crowd gather at shopping stores despite heavy snow blocking their passage. Buyers took a pleasure in exploring shops and making purchases to make their holiday less disappointing and worthwhile.

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search