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HomeBusiness NewsRetail companies proceed to report wholesome progress over pre-pandemic ranges: RAI

Retail companies proceed to report wholesome progress over pre-pandemic ranges: RAI

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By way of classes, sports activities items clocked the best progress fee with a 32% improve over July 2019

By way of classes, sports activities items clocked the best progress fee with a 32% improve over July 2019

Retail companies throughout India continued to publish wholesome progress over pre-pandemic ranges, registering an 18% rise in July gross sales in comparison with the identical month in 2019, Retailers Affiliation of India (RAI) mentioned on Wednesday.

As per the most recent enterprise survey by Retailers Affiliation of India (RAI), the East India area noticed the best year-on-year progress of 25% final month, adopted by the south at 21%, north at 16% and west at 10%.

By way of classes, sports activities items clocked the best progress fee with a 32% improve over July 2019, adopted by footwear and furnishings & furnishing at 23% every.

Attire and clothes registered a 22% rise, whereas fast service eating places, client durables and electronics footwear posted a progress of 17%, in response to the survey.

The jewelry class grew by 15% in July this 12 months in comparison with the identical month in 2019, whereas meals and grocery rose 11%. Magnificence, wellness and private care noticed the least progress with only a 3% rise.

“Retail companies throughout the nation are trying good as wholesome progress in gross sales over pre-pandemic stage continues. Key classes like clothes and footwear are displaying traction,” RAI CEO Kumar Rajagopalan mentioned.

Contemplating this pattern, he mentioned, “Retailers anticipate an excellent festive season, which might convey cheer to companies”.

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In June additionally, retail companies throughout the nation grew by 13% progress in gross sales in opposition to the identical month in 2019.

By- The Hindu

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