Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India
 

Retailers achieve 93% of pre-COVID sales in February: RAI survey

  

Retailers achieve 93 of pre COVID sales in February RAI survey

 

As per the 13th edition of the Retail Business Survey by the Retailers Association of India, the retail industry achieved 93 per cent of the pre-COVID sales in February.

Segments such as consumer durables and quick service restaurants (QSR) reported 15 per cent and 18 per cent growth respectively in February 2021, says the survey report.

Categories like footwear, beauty, wellness and personal care, sports goods and food and grocery are showing steady month-on-month recovery.

Recovery across regions is showing steady improvement, with eastern India indicating positive growth of 2 per cent in the month of February.

Kumar Rajagopalan, CEO, RAI said the retailers are hopeful of achieving pre-pandemic levels of business in the first six months of 2021.

After the pandemic, it has now become imperative for every retailer to adopt 'phygital' in various ways -- be it social media, messaging platforms, or digital shopping, in addition to their normal channels to align themselves with the changing consumer mindsets of the next normal, he noted.

Although COVID-19 vaccinations have started, the pandemic situation may take some more time to completely settle. RAI believes that recovery will need unconventional solutions and government support, the report said.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Mall revenues to remain low despite rise in toplines: Crisil

Mall revenues to remain low despite rise in toplines: Crisil

     Ratings agency Crisil expects malls revenues to remain lower than their pre-pandemic levels despite a healthy rise expected in their toplines this fiscal . The report states, shopping malls' revenue... Read more

CMAI’s appeal against shutting down garment factories in Maharashtra

CMAI’s appeal against shutting down garment factories in Maharashtra

    The Clothing Manufacturers Association of India has appealed to the Maharashtra government not to hinder economic recovery by shutting down garment factories once more as it is the lifeline of... Read more

India’s yarn exports increase in February 2021 as fibre exports decline

India’s yarn exports increase in February 2021 as fibre exports decline

    In February 2021, India’s export of basic textiles comprising fibres, spun and filament yarns increased 24 per cent Y-o-Y to $822 million. As per a report by Textile Value Chain,... Read more

Recurrent lockdowns threaten apparel brands’ near term growth, profitability

Recurrent lockdowns threaten apparel brands’ near term growth, profitability

    Lockdowns continue to spell doom for clothing companies that witnessed business upsurge in January and February owing to ‘end of season sales’ and declining COVID cases. However, a report by... Read more

India’s Tier II, III beat Tier I cities in e-commerce growth: ICICI Securities

India’s Tier II, III beat Tier I cities in e-commerce growth: ICICI Securities

     The growth of e-commerce volumes in Tier II and III cities in India is outpacing that in Tier-I cities, says an ICICI securities report. As per the report, in Q4... Read more

With 16% CAGR till 2024, an impressive future awaits casual wear in India

With 16% CAGR till 2024, an impressive future awaits casual wear in India

  Not wishing to be governed by structures and definitions, the new generation is rewriting old rules of dressing. The generation is unpretentious in its clothing choices and prefers to dress... Read more

Data-focus helps Clovia optimize investments and control risks

Data-focus helps Clovia optimize investments and control risks

    One of India’s the premier lingerie brands, Clovia claims to have negligible rate of new product failure. The brand can launch new products with a high degree of confidence, affirms... Read more

E-com companies expect minimum impact from new restrictions

E-com companies expect minimum impact from new restrictions

     E-commerce firms expect Maharashtra’s new COVID-related restrictions to have minimal impact on their operations. As per Economic Times, the Maharashtra government ordered delivery and supply chain staff of e-commerce companies to... Read more

Eco-friendly denim gets a boost with new brands, materials

Eco-friendly denim gets a boost with new brands, materials

    Handcrafted jeans made from khadi are latest innovation in the denim industry. As per a report by the Apparel Resources, a 100 per cent swadeshi brand launched in 2016, Desitude... Read more

LFW reemphasizes the importance of storytelling in fashion

LFW reemphasizes the importance of storytelling in fashion

    The industry has to restart sooner or later, emphasized designer Payal Singhal at the recently concluded Lakme Fashion Week. For her, fashion weeks are a way to bring in new... Read more

MOST POPULAR NEWS
Go to top

Follow Us On:

Face BookDealersForYou

TWDFUpublications

LNDFUpublications

YouTubeDFUpublications

 Copyright © 2020 DFU Publications. All rights reserved.