Home / Knowledge / News / Retailers delight over making a record sale
Retailers delight over making a record sale
13
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 Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X