RAI : Retail clock decent sales growth in March

13 April 2022, Mumbai:

All-time low infection rates, withdrawal of sanctions, and improvement in consumer mobility helped boost retailers’ sales to the highest levels of 28 percent in March, indicates a pan-India study by the Retailers Association of India.

The study revealed, that the West region grew the fastest at 37 percent last month compared to a year back; followed by the North at 28 percent, East at 26 percent, and South at 21 percent.

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Kumar Rajagopalan, the CEO, of RAI, says, the removal of pandemic-related restrictions gave a boost to the growth of retail businesses across regions and categories including garments and footwear.

However, inbuilt inflation in products like garments, electronics, and FMCG products impacted the performance of the sector.

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The report shows that the consumer durables, and electronics segment grew 45 percent in March over last year, while categories like furniture, furnishing, food, and grocery grew by 28 percent. Sports goods and apparel categories grew 26 percent each.

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