Retail Hits: 2297

Retailers optimistic as apparel sales clock growth in March

Retail Hits: 2297
Retailers optimistic as apparel sales clock growth in March
Retail Hits: 2297

21 April 2022, Mumbai:

The resurgence of retail sales to 12 percent in March 2022, compared to the pre-pandemic level of March 2019, has made Arvind Fashions and Metro Brands more confident about growth prospects.

Retail sales in India grew 28 percent over the same month last year, as the government lifted pandemic-related restrictions.

ALSO READ January retail sales restricted to 91 per cent of pre-pandemic levels: RAI

Kulin Lalbhai, Executive Director, Arvind Fashions adds, that marriages in the quarter along with the return to normalcy drove retail sales growth in March.

RELATED NEWS Retailers across India on an expansion drive as sales surpass pre-COVID levels

Nissan Joseph, the CEO, of Metro Brands, adds that the apparel category, which experienced a 10 percent price rise is expected to experience another hike later this year.

There could be another price hike during the autumn-winter season, adds Lalbhai.

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CREDITS: Retailers Association of India (RAI) report.

 

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