Retailers Hope to Cash in on “Golden Week”
America needs something like a "Golden Week."
Most everybody gets the week off except for retailers and, I guess, everybody who wants to cater to those who have the week off…which could mean a whole lot of people would be working anyway. Oh, well.
China's National Day began today.
New stores opened…shopping centers cut prices…products are remixed for travelers.
In Shanghai -
The new shopping mall, Infiniti Lifestyle Center – conducts advanced trial operations
Thai owned Lotus Supermarket chain – a Thai food festival in its 20 stores
Shanghai Oriental Shopping Center – new brands like Switzerland's La Prairie skin-care line, and IWC watches
Sales can double during Golden Week compared to a normal weekly haul.
Consumers also feel inflation coming and are inclined to buy now.
Shanghai alone is expecting more than 4 million tourists to visit.
Last year, retail sales at Shanghai's 358 medium and large retailers jumped 21.4 percent. The year before, sales were up 8%.
This year…how about 8% + 21%.
Week long holidays…people have nothing else to do so they spend money.
We need more of that in the United States, no?
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