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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Surprisingly Strong In-Store Shopping Accompanies Prime Day Week: US Consumer Tracker 2023, Week 303Q23 US Livestreaming Tracker: Target Provides Competition for Walmart, Opportunities for Home and BeautyWeekly US and UK Store Openings and Closures Tracker 2023, Week 7: UK Openings Up 46%US Watch Market: Traditional Watches Cede Share to Smartwatches, While Luxury Offerings Continue To Grow
