Retail | 39pct of stores saw sales growth during Golden Week

As the Golden Week of China’s National Day came to an end, the Macao Economic Services (MES) interviewed 1,200 merchants in the Macau Peninsula and Taipa to investigate the situation for retail businesses during the holiday. The survey revealed that the turnover of different retail sectors recorded different  levels of increase compared to their business on an ordinary day.
The sites where the interviews were conducted covered the main tourism areas, including Praia Grande, Avenida de Almeida Ribeiro, Ruins of St. Paul, Border Gate and Baixa da Taipa.
About 45 percent of the retailers interviewed expressed that there were more visitors in their stores during the holiday, resulting in an average growth of 24 percent.
Regarding transaction amounts, 39 percent of all surveyed stores (470) registered an average increase of 22 percent in daily sales; 42 percent said that their business equaled that of the same period in the previous year; and 19 percent said that their business shrank during this time.