Local consumption recovering
2/6/2003 17:43
Shanghai's department store sector is on the road to recovery, growing by
15.8 percent over the past week, and some restaurants are at 70 percent of
normal volumes, the Shanghai Morning Post reported today.
The city's main
business zones reported a sales increase of 10-20 percent over the past
week.
"The eighth floor of the Shanghai No.1 Yaohan Nextage, specifically
for children's commodities, reported business volumes of nearly 700,000 yuan
(US$84,300) yesterday," said Li Guoding, general manager of the department
store.
Starting on May 17, the business in the department store has been
recovering, with the sales volumes over the last two weekends increasing by 10
percent from a year before, Li said.
Sales in the Oriental Department
Store, Shanghai New World Department Store and Parkson Department Store all grew
rapidly, according to spokesmen of the stores.
The daily number of
customers in each chain outlet reached more than 1,000 on average over the past
several days, especially on the weekend, said Cao Xinguo, spokesman with the
Shanghai Renjia Catering Management Co.
The whole consumer market in the
city is recovering, said Cai Hongsheng, director of the Shanghai Commercial
Commission.
Some of the city's restaurants with good sanitary conditions
have succeeded in weathering the SARS crisis, while some with poor conditions
have been eliminated from the market, said He Yizhao, chairman with the Shanghai
Catering Trade Association.
The Association, together with the Shanghai
Labor Bureau, is training 200 professional sanitation supervisors in the city to
improve the safety of the local food services sector.
Wendy Zhang/ Shanghai Daily news
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