Factors of various hues take gloss out of mall cosmetics
By Xie Yu in Shanghai | China Daily | Updated: 2014-05-06 07:17
The growth of cosmetics sales in Chinese shopping malls hit their lowest level in six years, partly due to the central government's anti-corruption drive and partly due to the rise in direct overseas purchases, a market research report said.
Retail sales of cosmetics in shopping malls saw year-on-year growth of 10.1 percent in 2013, lower than the 13.2 percent recorded in 2012, and the lowest growth pace since 2008, according to the Beijing-based China National Commercial Information Center, an information service for commercial businesses.
Shop floor sales assistants agreed. "It is hard to make a deal now," said Zoe Wang, a beauty adviser for SK-II who works at a large shopping mall in downtown Shanghai's Huaihai Road.
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