Page 10 - Ping Lee News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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More than 60% of retail stores plan to expand
By Crystal Hsu / Staff reporter
More than 60 percent of local retail stores plan to expand their business scale this year as sales are likely to pick up further after a mild increase last year, despite the COVID-19 pandemic, CBRE Taiwan said in a report on Friday.
Sixty-three percent of retail stores expressed their intention to revive expansion plans that ran aground last year because of the COVID-19 outbreak and 44 percent plan to bolster sales over the Internet, it said.
Retail sales last year edged up 0.2 percent to NT$3.86 trillion (US$136.22 billion), as the nation’s effective control of the virus made a quick recovery possible in the second quarter, CBRE analyst Man Chan (陳頌民) said in the report.