The 16th edition of the Retail Business Survey by the Retailers Association of India (RAI) indicates that retail sales in the month of May 2021 stood at -79 per cent of the pre-COVID level of sales on a Y-o-Y comparison with May 2019 as retail businesses across states were closed due to the second wave of the pandemic.
With sales at -34 per cent in May 2021 (Y-o-Y), categories such as Food & Grocery fared better than categories like Footwear (-86 per cent), Beauty, Wellness & Personal Care (-87 per cent) and Sports Goods (-80 per cent) as compared to pre-COVID sales levels (May 2019).
Retailers across regions are reflecting a deep fall in sales with Southern India at -73 per cent in May 2021 as compared to May 2019 pre-COVID sales, Eastern region at -75 per cent, while Western and Northern regions have indicated -83 per cent sales in May 2021 as compared to May 2019.
Many of the states have now slowly begun to open all forms of retail in a calibrated manner. Commenting on the current state of the retail industry, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said “Retailers are looking forward to some improvement in the month of June with gradual unlocking. However, the retail industry needs collective support of various government bodies to tide over the present situation.”
Retail businesses continue to face financial pressures on various fronts such as salaries, rentals, electricity charges and various taxes and license fees among others due to the pandemicinduced restrictions. Easing the burden will require collaborative efforts by various stakeholders.
Formal Retail Spaces are Essential to Revival of the Economy
この記事は Images Retail の June 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Images Retail の June 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Our Malls Should Reflect the Customer of Today
Twenty four years old Sanya Runwal, Director - Retail, Runwal, speaks about the guiding principles behind the group's retail transformation, future developments and her vision for brand Runwal as the next generation leader
D2C Brands Flag Bearers of India's Growing Digital Economy
Bypassing the intermediaries and traditional distribution channels, and leveraging digital platforms and cutting-edge technologies to service consumers directly, D2C brands have emerged as a disruptive force on the Indian retail landscape
From Sleeplessness to Success
The dream journey of The Sleep Company from being a D2C startup founded to help Indians sleep better to crossing 100 stores and ₹500 crore ARR under five years to become one of the fastest growing D2C-first brands
REDEFINING FASHION RETAIL WITH EXPANSION, DIGITAL INNOVATION, AND SUSTAINABLE GROWTH
CnM Chunmun, a name synonymous with fashion and lifestyle retail in North India, is embarking on an exciting new chapter in its impressive 40-year journey.
Retail Sector Records Strongest Hi Leasing in 5 years: CBRE
Leasing in Bengaluru, Chennai, and Delhi-NCR accounted for 59% share during Jan-June 2024.
Lulu Mall Bengaluru Welcomes 5 New Brands
Lulu Mall, Bengaluru, operated by the multinational developer Lulu Group, has expanded its portfolio by welcoming five new retail brands, the company wrote on social media.
Gujarat gets its First IMAX at Palladium Ahmedabad
Mumbai-based PVR Cinemas opened a new theatre at Palladium Ahmedabad, a social media post by a company official.
Budget 2024-2025: What's in it for Retail?
An overview of all the retail ecosystem-related measures in the Budget 2024-2025 revealed by Finance Minister Nirmala Sitharaman in her 7th budget speech.
Identity As a Service (IDAAS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retail.
6 Ways in Which D2C Brands are Redefining Physical Stores
From quirky fixtures to restageable elements, D2C brands do it differently when they open brick-and-mortar stores