Retail Companies Witness 13% Gross sales Progress in June In comparison with 2019: Report

New Delhi: Retail companies throughout India witnessed 13 per cent gross sales progress in June in comparison with the pre-pandemic ranges of the identical month in 2019, Retailers Affiliation of India stated on Monday. Though gross sales final month had been larger than the pre-pandemic ranges, the second half of June was not very encouraging, and the affect of inflation on client spending remains to be a fear, which can have an effect on the upcoming festive gross sales, Retailers Affiliation of India (RAI) stated in a press release.

As per RAI’s newest enterprise survey, retail companies within the japanese area posted the very best progress final month, with an increase of 17 per cent over June 2019, adopted by the north at 16 per cent, west at 11 per cent and south at 9 per cent. “Whereas June 2022 has witnessed progress as in comparison with the identical interval earlier than the pandemic, the speed of progress has undoubtedly slowed down. Many retailers have indicated that the second half of June was not very encouraging as there weren’t too many celebratory events, resembling weddings, to drive gross sales.

“The headwinds of inflation on client spending are nonetheless a fear and will affect the upcoming festive fervour. We must wait and watch how the subsequent two months will pan out,” RAI CEO Kumar Rajagopalan stated. When it comes to classes, as per the RAI survey, sports activities items grew 29 per cent final month in opposition to June 2019, adopted by jewelry at 27 per cent, client durables and electronics, and fast service eating places at 16 per cent every. Attire and clothes and footwear classes noticed progress of 14 per cent every final month over June 2019, RAI stated.

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