Insight ReportChinese New Year Review: Retail Sales See Impressive Year-Over-Year Growth Against Weak 2020 Coresight Research February 25, 2021 Reasons to ReadThe 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: Taking the Temperature on Tariffs Ahead of August 1: How Are Different Consumer Groups Reacting? US Consumer Survey Insights ExtraShoptalk Spring 2025 “Shark Reef” Startup Pitch: Preview—12 Innovators Leveling Up the Customer Experience and Streamlining OperationsRetail Trends and Shopper Traffic Update, Q4: Early Findings & Strategic Outlook2026 Retail Predictions: China—Five Pillars for Moderate Growth Amid a Tough Environment
