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17.7% Year-on-Year Increase in Sales of General Merchandise Industry
According to the latest statistics on 209 big enterprises of general merchandise by China Commerce Association for General Merchandise, in 2004, sales of general merchandise industry of China amounted to RMB252.33 billion, up by 17.7% on a year-on-year basis, and total retail sales were more than RMB199.2 billion, up by 16.9% and exceeding the growth rate of Total Retail Sales of Consumer Goods of 10.2%.
At the 3rd China Department Store Summit held in 25, Chu Xiuqi, Secretary General of China Commerce Association for General Merchandise, said that in 2004, China's general merchandise industry still maintained a two-digit growth under the background that foreign investment poured into Chinese market, an increase occurred in both profit margin, number of department stores, area of the stores and employees.
The Secretary General said that China's General Merchandise Industry showed the following features in 2004:
Focused on expanding chain stores, merger and reorganization; Opening up and closing stores co-existed; Commodities structure was adjusted to be a key; General Merchandise in communities presented development space.
(Source: Network Center of MOFCOM)
At the 3rd China Department Store Summit held in 25, Chu Xiuqi, Secretary General of China Commerce Association for General Merchandise, said that in 2004, China's general merchandise industry still maintained a two-digit growth under the background that foreign investment poured into Chinese market, an increase occurred in both profit margin, number of department stores, area of the stores and employees.
The Secretary General said that China's General Merchandise Industry showed the following features in 2004:
Focused on expanding chain stores, merger and reorganization; Opening up and closing stores co-existed; Commodities structure was adjusted to be a key; General Merchandise in communities presented development space.
(Source: Network Center of MOFCOM)
