…But retail sales miles off normal

↘ Retail sales in India tumbled 50 per cent in June 2021, compared to June 2019, a year before the pandemic, according to the Retailers Association of India ↘ The industry body’s latest survey showed a steep drop in all major discretionary categories, with the biggest being a 66 per cent slide in sports goods ↘ Even the food and grocery category saw a 7 per cent drop, though it was the only category to notch a single-digit decline ↘ The declines were more or less equal nation-wide, spread between the North zone’s 43 per cent drop and the East’s 55 per cent fall RETAIL SALES (June '21 vs June '19 % change) Source: Retailers Association of India…

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Business Today (Digital) - 1 Issue, 22-Aug-21

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