Retail spending in Shanghai surges during National Day break
During the recent National Day holiday on Oct 1-7, the combined spending in stores and online retail spending totaled 76.59 billion yuan ($11.88 billion) in Shanghai city in East China – up 16 percent year-on-year – according to the Shanghai Municipal Commission of Commerce.
Statistics showed that during the seven-day break, spending in stores came in at 51.1 billion yuan, an increase of 23.4 percent compared with the same period last year. Meanwhile, total online spending was 25.49 billion yuan, up 3.5 percent year-on-year.
According to data from a sample survey of 200 retail and catering businesses conducted by the Shanghai Municipal Commission of Commerce, sales of the surveyed stores during the break totaled 5.77 billion yuan, up 9.7 percent year-on-year.
The numbers also indicated that Shanghai was also a "trend-leader" in terms of new consumption, with new forms of business flourishing.
China's first – and the world's largest – Sam's Club flagship store opened in Shanghai's Pudong New Area on Sept 26. During the holiday, the average daily customer flow at the store exceeded 35,000.