Thursday, December 8

Industry

Retail sales up 9% in November compared to pre-covid levels
Industry

Retail sales up 9% in November compared to pre-covid levels

By Administrator_India Capital Sands  New Delhi: Retail sales grew 9% in November compared to pre-covid (November 2019), but dropped sequentially, according to a pan-India Retail Business Survey by the Retailers Association of India (RAI). Recovery was led by the consumer durables and electronics segment followed by sports goods and footwear, according to findings of the survey released Monday. However, the industry body that represents small and large retailers pan-India across categories such as food, apparel, quick service restaurants etc flagged worries around the Omicron variant and an impending third wave. To be sure, retail sales were high in October as the month was packed with pre-festive buying. Diwali, for instance, fell on 04 November this year, post which demand typi...