China's Singles' Day shopping festival, the country's Black Friday, saw stronger-than-expected consumer spending. The activity showed a positive shift in an otherwise sluggish retail landscape. Starting earlier on October 14th and ending Monday, major e-commerce platforms highlighted increased consumer activity without disclosing specific sales values. Consulting firms noted robust category growth in pet care, outdoor gear, and blind box toys. China's October retail sales are projected to increase by 3.8% year-over-year, up from 3.2% growth in September.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China's Singles Day shopping festival, the country's Black Friday,
00:05saw stronger than expected consumer spending.
00:08The activity showed a positive shift in otherwise sluggish retail landscape.
00:12Starting earlier on October 14th and ending Monday, major e-commerce platforms highlighted
00:18increased consumer activity without disclosing specific sales values.
00:22Consulting firms noted robust category growth in pet care, outdoor gear, and blind box toys.
00:28China's October retail sales are rejected to increase
00:32by 3.8% year-over-year, up from 3.2% growth in September.