Global EditionASIA 中文雙語(yǔ)Fran?ais
    Business
    Home / Business / Policies

    Retail to regain bounce after COVID-19 blow

    By Wang Ying in Shanghai | China Daily | Updated: 2020-06-17 09:49
    Share
    Share - WeChat
    A logistics firm employee arranges packages at a warehouse in Nanjing, Jiangsu province. [Photo/CHINA DAILY]

    Operators pin more hopes on online solutions for momentum, says report

    The retail business in the Chinese mainland is expected to return to the level seen before COVID-19 struck within the next 12 months, with an increasing number of retailers adopting multi-channel marketing such as launching online sales and introducing delivery services, a research report showed.

    Commercial real estate services and investment firm CBRE said in a report entitled the Asia-Pacific Retail Flash Survey of the Chinese mainland that more than 80 percent of surveyed respondents are optimistic retail sales and business would return to levels prior to the pandemic outbreak within 12 months.

    Some 13 percent of those surveyed expressed the intention of expanding, second only to India among all Asian markets.

    In addition, 67 percent of respondents said they had already resumed business within three months of closing down due to the pandemic. Over 80 percent believe businesses would get back to normal within the next 12 months.

    The flash survey by CBRE Asia-Pacific Research was conducted between April 28 and May 21. It mainly focused on experience-based and product-based retail in the Asia-Pacific region, and looked to gauge the industry response to the pandemic.

    "In view of the relatively upbeat recovery in the Chinese mainland, CBRE expects business activity to return to pre-COVID-19 levels by the middle of 2021," said Xie Chen, head of research at CBRE China.

    China has seen a gradual recovery of business activity and a steady rebound in shopping center footfall. Sale promotions rolled out in many cities in the second quarter have boosted traffic and sales, Xie said.

    "Multi-speed retail recovery recorded was supported by work resumption, effective epidemic countermeasures, improving consumer confidence, and government support," said James Macdonald, the head and senior director of Savills China research.

    All respondents in the Chinese mainland received relief measures from their landlords, although 91 percent said they expected further steps to help them in the future, the CBRE survey showed.

    Though more retailers are readjusting brick-and-mortar store network plans and increasing their focus on online sales capacity due to the epidemic, the research report showed that 13 percent of Chinese respondents planned to open new stores, the second highest percentage level among all markets surveyed in the region.

    The retail market, along with the travel and hospitality sectors, was hit hard by COVID-19.

    Loss of sales was identified by respondents in the Asia-Pacific and Chinese mainland as their top concern. All key retail categories in the Chinese mainland, and those related to discretionary consumption in particular, recorded a contraction in sales during the first quarter.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    yy111111电影院少妇影院无码| 中文字幕手机在线视频| 亚洲欧美中文日韩在线v日本| 久久午夜伦鲁片免费无码| 精品欧洲AV无码一区二区男男| 久久无码国产| 人妻无码一区二区三区AV| 无码人妻少妇久久中文字幕| 久别的草原在线影院电影观看中文| 色窝窝无码一区二区三区成人网站| 中文www新版资源在线| 永久无码精品三区在线4| 国产成人A人亚洲精品无码| 成在人线av无码免费高潮喷水| 超清无码无卡中文字幕| 亚洲AV永久无码精品一区二区国产 | V一区无码内射国产| 亚洲AV无码国产精品麻豆天美 | 伊人久久精品无码av一区| 亚洲一区中文字幕久久| 久久精品人妻中文系列| 亚洲午夜无码片在线观看影院猛| 国产精品无码久久综合| 久久久久亚洲AV片无码下载蜜桃| 亚洲av无码一区二区三区四区| 免费看成人AA片无码视频吃奶| 国产品无码一区二区三区在线| 暖暖免费中文在线日本| 中文字幕一区视频| 亚洲国产午夜中文字幕精品黄网站| 最近更新2019中文字幕| 99re只有精品8中文| 久久久噜噜噜久久中文字幕色伊伊| 日本成人中文字幕| 最好看的中文字幕2019免费| 天堂中文字幕在线| 中文字幕亚洲无线码| 国产色无码专区在线观看| 亚洲中文字幕无码爆乳AV| 无码性午夜视频在线观看| 国产成人无码一区二区三区|