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According to Shanghai Apparel Association, apparel retail sales volume in Shanghai top 10 department stores rose slightly in Jul. 2011, increasing by about 4.8 per cent m/m to 889,000 pieces. CNY310 million was spent in apparel products in Jul., edging up 5.3 per cent m/m. Average price in Jul. was CNY346.7/piece (set), up 18.5% y/y. Sales are now expected to bottom out in Aug.
According to Shanghai Apparel Association, apparel retail sales volume in shanghai top 10 department stores rose slightly in Jul. 2011, increasing by about 4.8 per cent m / m to 889,000 pieces. CNY310 million was spent in apparel products in Jul., Edging up 5.3 was CNY346.7 / piece (set), up 18.5% y / y. Sales are now expected to bottom out in Aug.