1 min read
Add as a preferred source on Google

Citigroup Forecasts China Singles’ Day GMV Growth at Just Over 2%

Coach and Ralph Lauren were also identified as outperformers during the shopping event as consumer spending trends weakened in China.

An unbranded shopping bag stands beneath a quiet retail display / TokenPost.ai
An unbranded shopping bag stands beneath a quiet retail display / TokenPost.ai

Citigroup forecast gross merchandise value (GMV) for this year’s China Singles’ Day event to rise just over 2%, as consumer spending trends in the country weaken.

Coach and Ralph Lauren were also identified as outperformers during the shopping event.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…