Retail industry showing signs of recovery: Survey by Retailers Association of India

The association said that smooth rollout of Unlock 3.0 in August 2020 was hampered by localised lockdowns in some states.

New Delhi: The Southern region is faring slightly better followed by East, West and North in terms of sale, according to the latest report by the Retailers Association of India. Report said that large retailers are performing marginally better than medium-sized retailers.

“The retail industry has started to witness some green shoots especially in states that are allowing retail to operate with fewer interruptions,” said said Kumar Rajagopalan, CEO, Retailers Association of India.

“Support from governments at local levels across the country with the assurance of no more localised lockdowns will help fast-track recovery of sales during the upcoming festive season to almost to the same levels as last year...perhaps just 20% short of last year’s figures. Some segments may even do better,” he added.


The association said that smooth rollout of Unlock 3.0 in August 2020 was hampered by localised lockdowns in some states.

The lockdowns are slowing down revival and impacting retail sales, RAI said in the 6thedition of the Retail Business Survey.

The survey revealed signs of marginal recovery as retailers continued to signal degrowth at -52% in the month of August 2020 on a Y-o-Y comparison.
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In the month of August’20 on a Y-o-Y comparison, the only category that showed significant improvement was Consumer Durables with sales at -23%. Food & Grocery (-46% y-o-y), Footwear (-47% y-o-y), Apparel & Clothing (-54% y-o-y), Sports Goods (-58% y-o-y), and Beauty & Wellness (-56% y-o-y) continue to be sluggish.
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