By: Huang Chiao-wen and Frances Huang
Taipei, May 1 (CNA) Department stores in Taiwan are expected to report strong gains in sales in April from the previous month because of aggressive promotional campaigns ahead of Mother’s Day, the Ministry of Economic Affairs (MOEA) said Friday.
The MOEA estimated department store sales in April at NT$25.5 billion (US$83.06 billion), about 23 percent higher than a month earlier.
The sales would reverse a 27.5 percent month-on-month fall recorded in March, which saw sluggish sales because it came after the Lunar New Year holiday in February. [FULL STORY]