Shanghai new complex sees consumption boom in May

en.sww.sh.gov.cn | Updated:May 21, 2020

The Bund Finance Center (BFC), the only big commercial complex at the heart of the Bund in Shanghai, has become another popular landmark after less than six months of operation, local media reported.

In the first half of May, the sales volume at BFC increased by 36 percent month-on-month and 80 percent year-on-year, while customer flow increased by 30 percent month-on-month and 68 percent year-on-year.

"The May 5 Shopping Festival in Shanghai provided a good consumption atmosphere during the May Day holiday, and people are willing to going out shopping and eating delicious food," said Li Yijun, BFC's general operating manager.

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An outdoor bazaar at the BFC in Shanghai. [Photo/WeChat account: scofcom]

From May 1 to 10, BFC launched 2020's first outdoor bazaar, with the number of featured stalls double the usual number, the proportion of catering and retail business also adjusted to 6:4, which is more in line with current consumer demand.

Kyoto House on BFC's ground floor attracted lots of attention during the May Day holiday. The store, which covers 300 square meters, is the world's first Kyoto-themed concept store jointly opened by Fosun Group and Kyoto in Japan.

Kyoto House sold hundreds of its new customized masks during May Day holiday, sales revenue from the masks reaching 30 percent of total sales revenue in April.

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