Group 1 - The fifth National Outlets Fashion Shopping Season officially launched on September 25, 2023, alongside the 2025 National Boutique Department Store Shopping Season, involving over 190 outlets and more than 500 boutique department stores [1][3] - China UnionPay, in collaboration with several banks, has injected over 40 million yuan in consumer subsidies to boost spending during the Mid-Autumn and National Day holiday shopping peak [1][3] Group 2 - The Outlets industry is recognized as a "golden track" in the commercial sector, with 205 quality outlets projected to achieve sales of approximately 180 billion yuan from July 2024 to June 2025, reflecting a year-on-year growth of 8.9% [3] - The customer traffic for the same period is expected to reach nearly 900 million visits, marking a year-on-year increase of 12.5%, indicating a significant dual growth in volume and revenue [3] - Regional outlets in second and third-tier cities are emerging as new growth drivers for the entire industry [3] - The introduction of the "2025 National Boutique Department Store Shopping Season" fills a gap in nationwide promotional activities for the department store sector, leveraging the traditional consumption peak of "Golden September and Silver October" [3]