Sales of China's Top 100 Retailers Rises 18.5PCT in July
BEJIING, Aug 23 Asia Pulse - Total sales value of China's top 100 retailers reached 11.68 billion yuan ($US1.4 billion) in July, up 18.5% year on year, according to a marketing research report on the country's 100 key large retailing enterprises issed by the Chinese Commerce Federation on August 19.
This includes 9.79 billion yuan of retail sales value, up 21.6%.
The report says that the consumer product market warmed up a bit in July compared with June. Sales of food, textile products and furniture posted a big year-on-year increase of 43.2%, 46% and 40.4% respectively.
Meanwhile, sales of home electrical appliances decreased slightly.
The top 100 retailers sold a total of 1.36 billion yuan worth of home electrical appliances in July, dropping 3.5% year on year.