macau2

Macau Shopping Festival nets MOP230 mln in sales

The sixth edition of Macau Shopping Festival generated total sales amounting to MOP230 million (US$28.8 million), local Chinese-language newspaper Macao Daily reported yesterday.
The event took place between December 3 and 31 last year. Of the total sales, a sale event featuring branded products between December 23 and 25 generated sales of over MOP2 million. In addition, another special sales event held at Landmark Macau achieved another MOP2 million.
Frederick Yip, the organizer of the event and president of the executive committee of the Macau Association of Retailers and Tourism Services, forecast the city’s retail industry would be back on a path of growth again soon, given the fact that the city’s economy has started to recover since gaming revenue began rebounding last August, and more casino-resort projects are set to be completed in the near future.
Some 1,800 local small and medium-sized enterprises (SMEs) took part in the festival, according to the organiser. Regarding the new free Wi-Fi Internet access service provided at this year’s festival, the organiser claimed a total of 145,000 hours were used by 475,000 people.