Retail sales up 13% in June compared to 2019: Report

New Delhi: Retail business across India The Retailers Association of India on Monday said that 2019 saw a 13 per cent increase in sales in June as compared to the pre-pandemic levels of the same month. Although sales last month were above pre-pandemic levels, the second half of June was not very encouraging, and the impact of inflation on consumer spending is still a concern, which could affect upcoming festive sales, according to the Association of Retailers. India (RAI) said in a statement.

According to the latest business survey by RAI, retail businesses in the eastern region registered the highest growth last month with a growth of 17 per cent over June 2019, followed by north at 16 per cent, west at 11 per cent and south at 9 per cent. increased. Percentage “While June 2022 has seen an increase compared to the same period before the pandemic, the growth rate has certainly slowed down. Several retailers have indicated that the second half of June was not very encouraging as there were not too many festive occasions such as weddings to boost sales.

“Inflationary headwinds on consumer spending are still a concern and may impact the upcoming festive fervor. RAI CEO Kumar Rajagopalan said, “We will have to wait and see how the next two months turn out.” In terms of categories, as per the RAI survey, sporting goods grew by 29 per cent in the previous month as compared to June 2019, followed by jewellery, 27 per cent, consumer durables and electronics, and quick service restaurants grew 16 per cent each . RAI said the apparel and clothing and footwear categories last month saw a growth of 14 per cent each in June 2019.

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