Though COVID-19 cases are reducing in India and overall market is improving, the retail sale still continues to be under pressure.
According to the Retail Association of India’s (RAI) latest survey, the overall retail sale was 50 per cent down in June 2021 compared to June 2019.
The apparel sales, on the other hand, witnessed a similar down trend with clothing sales in June 2021 at 52 per cent less than in June 2019.
Apparel sale in May 2021 was 77 per cent less compared to May 2019.
Sports goods and sportswear suffered the most this June, with sales dropping by 66 per cent compared to pre-pandemic June 2019.
RAI says June retail sales were far from close to pre-pandemic levels, as many bricks-and-mortar retail outlets only began to reopen towards the end of the month.
However, sales were generally better than in May, when many establishments were closed for the entire month, showing the beginning of a gradual recovery.
RAI’s CEO Kumar Rajagopalan said, “Retail businesses continue to be stressed and are finding difficult to sustain due to restricted timing of operations and weekend closures.”