The Retailers Association of India on Monday said that the retail business across India witnessed a 13% increase in sales in June compared to the level in the same month in 2019.
The association said in a statement, although sales last month exceeded pre-pandemic levels, the second half of June was not very encouraging, and the impact of inflation on consumer spending was still a concern, affecting upcoming festive sales. Can do.
According to the latest business survey by RAI, retail businesses in the eastern region registered the highest growth last month, registering a growth of 17% over June 2019, followed by 16% in the north, 11% in the west and 9% in the south. increased by.
RAI CEO Kumar Rajagopalan said, “While June 2022 has seen growth compared to the same period before the pandemic, the growth rate has certainly slowed down.” “Many retailers have indicated that the second half of June was not very encouraging as there were not too many festive occasions like weddings to boost sales.
“Inflation headwinds on consumer spending are still a concern and may impact the upcoming festive fervor. We will have to wait and see how the next two months pan out,” he added.
In terms of categories, as per the RAI survey, sporting goods grew by 29% last month as compared to June 2019, followed by jewellery, 27%, consumer durables and electronics, and quick service restaurants grew 16% each.
RAI said the apparel and clothing and footwear categories last month witnessed a growth of 14% each in June 2019.