Insight Report 10 minutes PremiumChinese New Year Review: Retail Sales See Impressive Year-Over-Year Growth Against Weak 2020 Coresight Research February 25, 2021 What's InsideThe Chinese government encouraged people to stay put for the recent Chinese New Year festival, impacting more than 100 million people who would typically return home for the holiday each year. We discuss retail sales over the holiday, including the impact of people not returning home on consumer spending. We cover the following key points: Retail sales in China over Chinese New Year Consumer spending this year—including the impact of changed travel behaviors Duty-free shopping as a developing feature of holiday spending in China Click here to read our report on strategies for international brands to capitalize on Chinese New Year. Click here to read our Monthly Consumer Update for China, the UK and the US. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: NRF APAC 2024: Wrap-Up—Strategizing for the Future of Retail with AI and Customer-CentricityFewer Consumers Adjust Shopping Behavior To Cope with Inflation: US Consumer Survey Insights 2023, Week 37Retail Shrink and ORC: US Small Business Owners’ Perspectives on Retail Theft, Plus New Measures To Combat Theft in New York, the UK and AustraliaLuxury Shopping in Focus—Gucci Is the Top Choice; Dior Gains in 2024: US Consumer Survey Insights
