Xiamen's consumption momentum thrives during New Year holiday

The sales in supermarkets, catering service sectors and on e-commerce platforms in Xiamen, Fujian province increased during the three-day New Year holiday, while sales in department stores slightly dropped. 

Statistics for 26 businesses in Xiamen including department stores, supermarkets, and e-commerce platforms showed that they achieved 208.67 million yuan ($32.74 million) in sales volume during the three-day New Year holiday, up 24.34 percent from the same period last year. 

Sales volume of the city's eight supermarkets and five e-commerce companies increased 5.3 percent and 59.41 percent year-on-year to 39.46 million yuan and 83.04 million yuan, respectively, due to people's growing purchasing demands, supportive policies and subsidies offered by the government during the holiday. 

The sales in department stores, on the contrary, decreased 7.14 percent year-on-year to 29.72 million yuan due to the influence of the COVID-19 pandemic. 

Statistics for the city's four major catering service companies showed that their total revenue reached 2.78 billion yuan, up 24.34 percent year-on-year, which resulted from the public's desire to gather and eat out during the holiday.