With 18% Sales Growth In July, Retailers Upbeat About Festive Season: RAI Survey
Date
8/17/2022 2:06:33 PM
(MENAFN- KNN India)
With 18% sales growth in July, retailers upbeat about festive season: RAI Survey
New Delhi, Aug 17 (KNN) Indicating a 18 per cent growth in sales in July, 2022 retailers are expecting a good business during the upcoming festive season, as per the Retail Business Survey by Retailers Association of India (RAI) released on Wednesday.
According to the 30th edition of the survey, retail businesses across India reported a growth of 18 per cent in sales as compared to pre-pandemic levels (July 2019).
Speaking about the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI) said,“Retail businesses across the country are looking good as healthy growth in sales over pre-pandemic level continues.”
Rajagopalan said that key categories like garments and footwear are showing traction and considering this trend, retailers expect a good festive season, which could bring cheer to businesses.
In July 2022, the growth in sales compared to pre-pandemic time (July 2019) is noticeable across regions too with sales in East India growing to 25 per cent, said the report.
While South India showing a growth of 21 per cent, North India indicating 16 per cent, and West India showing a growth of 10 per cent.
Sales across categories show a steady increase with sports goods indicating a strong performance followed by Footwear, Apparel and Jewellery performing better than other categories in July 2022. (KNN Bureau)
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