The Zhitong Finance App learned that BOCOM International released a research report saying,Retaliatory spending continued to benefit restaurants and entertainment in January-February, but retail performance was mixed.The bank recently interviewed national shopping mall industry experts. According to comprehensive data, the recovery momentum was strong in January, but there was a decline in February. The reasons included early Spring Festival and the return to the hometowns for the New Year. The performance of dining and entertainment was strong. The trend continued in March. The highest food growth rate was Chinese bakery. The growth rate of traditional hot pot, including Haidilao and Xiabuxiabu, was weak. They continue to be optimistic about restaurants and beer, including Jiumaojiu (09922), China Resources Beer (00291), Budweiser Asia Pacific (01876), and are more cautious about Taobo (06110) and Baosheng International (03813), and prefer Anta Sports (02020) over Li Ning (02331).

The report pointed out that retail performance was divided. The best performers were automobiles and high-end cosmetics, while the worst performers included clothing, supermarkets, and electronic products. Among sports brands, professional sports or outdoor brands, such as Archaeopteryx and Desant, are leading the growth rate; foreign brands (Nike, Adi, FILA) have weak performance; Chinese brands (Anta, Li Ning, China's Li Ning) have performed slightly better than foreign brands.