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Retail sales top pre-Covid levels in November by 15% led by footwear, jewellery -Meenakshi Verma Ambwani

-The Hindu Business Line

Retailers’ Association of India pointed out that the impact of inflationary challenges on the discretionary segment was visible

Retailers posted a 15 per cent growth in sales in November over pre-pandemic levels. According to the latest edition of Retail Business Survey released by the Retailers’ Association of India (RAI), this growth was led by segments such as footwear, sports goods and jewellery. The industry body, however, pointed out that the impact of inflationary challenges on the discretionary segment was visible.

In terms of region-wise analysis, retailers in eastern and western regions garnered a growth of 17 per cent each compared to November 2019. In the Northern and Southern regions, sales were up 13 per cent each.

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