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

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55919
Published: 2026-11-12T21:27:37.000Z
Updated: 2026-11-12T21:27:37.000Z
Section: Business

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

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.