Rich binge
(China Daily)
Updated: 2007-11-21 09:28
Updated: 2007-11-21 09:28
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A department store in Fuzhou, capital of East China's Fujian Province, recently shut down its regular operation to hold a special sales event only for its VIP customers.
The event turned out to be a smashing hit as the store notched up more than 10 million yuan in sales volume within nine hours, amounting to 6 percent of its average annual revenue.
It received 16,000 customers, and one-third of their purchases were luxurious goods. A high-end watch with a price tag of 400,000 yuan (US$53,843) was among the items sold.
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