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Golden week holiday plus mid autumn festival plus good days for wedding equals to big revenue of retailers. In the just past Golden week (Oct 1-7), the big five retailers in Guangzhou, Grandbuy, Friendship Store, Teemall, Xindaxin and Mopark, bagged a total of 273 mln yuan, up 40 percent year on year. The wedding-related goods, gold and linens are best sales.
Festival sales
Before mid autumn festival (Oct 6), people rushed to the stores to buy moon cakes, tea, wine and other goods as festival gifts to friends and relatives. Friendship stores sold 5.4 million yuan of foods during the past week, up 95 percent year on year. Besides foods, cosmetics and home decoration become hot choices as gifts.
Best days for wedding
Many Chinese believes, the year 2006 is a good year for wedding. The coming months will be a wedding season. So the counters selling goods and gifts related to wedding are very crowded. Jewelry, linens (especially red ones), duvets, home decoration, cookeries are having their golden week.
Luxuries!
The high-ended household electronic appliances, big brand jewelry and timepieces all see increase of sales, with Tudor and Rolex rocketed by 100 - 200 percent.
Editor: Yan
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