Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Golden Week Sales Exceed $33 Billion
Oct 10, 2005
 Printable format
 Email this Article
 Search

China's Ministry of Commerce's reports that the country's retail sales exceeded 270 billion yuan (approx. U.S. $33.5 billion) during the Golden Week, the holiday period of October 1 through 7. That marks an increase of 14.2 percent over 2004.

The ministry reported the availability of commodities was 20 percent more than usual, with a notably high availability of home appliances.

The ministry reported "steady" market activity in rural China and "brisk" urban activity, with urban retailers reported to have sales increases of 18 to 41 percent in the cities of Beijing, Guangdong, Shanxi, Hebei, Chongqing, Jilin, and Sichuan.

The ministry noted changes in consumption habits during this year's holiday period. Consumers were buying gold and jewelry, apparel – and branded appliances. Driving the popularity of appliances is consumer interest in flat-panel TVs, environmental friendly refrigerators, and digital small appliances. In major appliances, Chinese producers Gome and Suning were reported to have sales increases of 25 to 30 percent.

The ministry reports a number of retailer promotional efforts prior to the holiday week that spurred sales. Bargain prices were conspicuous for cars and appliances, according to the Ministry.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows