- According to a survey conducted by the Retailers Association of India (RAI), retail businesses across India have reported a growth of 18% in July sales as compared to the pre-pandemic levels.
- Sales across categories show a steady increase with sports goods indicating a strong performance followed by footwear, apparel and jewellery becoming the best performers in July 2022.
- The best spenders came from the eastern region, as it witnessed a 25% uptick in sales followed by the south which came a close second.
A survey by the Retailers Association of India (RAI) indicates that in July 2022, retail businesses across India reported a growth of 18% in sales as compared to pre-pandemic levels in July 2019.
This growth was led by sports goods at 32%, while furniture and footwear grew at 23% each. A festive must-have, apparel too performed well as its sales witnessed a 22% jump.
The best spenders came from the eastern region, as it witnessed a 25% uptick in sales in July 2022 as compared to the year before. The next best performer was the southern region as it came a close second with 21% growth. In the north and the west, sales grew at 16% and 10%, respectively.
With the ongoing
“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. Considering this trend, retailers expect a good festive season, which could bring cheer to businesses,” said Kumar Rajagopalan, CEO of RAI.