Retail businesses continue to report healthy growth over pre-pandemic levels: RAI
The Hindu
In terms of categories, sports goods clocked the highest growth rate with a 32% increase over July 2019
The jewellery category grew by 15% in July this year compared to the same month in 2019, while food and grocery rose 11%. Beauty, wellness and personal care saw the least growth with just a 3% rise.
"Retail businesses across the country are looking good as healthy growth in sales over pre-pandemic level continues. Key categories like garments and footwear are showing traction," RAI CEO Kumar Rajagopalan said.
Considering this trend, he said, "Retailers expect a good festive season, which could bring cheer to businesses".
In June also, retail businesses across the country grew by 13% growth in sales against the same month in 2019.
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