Skip to main content

Retail business sales witness 6% growth in March 2023 compared to last year: RAI Retail Business Survey

Retail businesses across regions have indicated growth in sales with East India signalling growth of 8%, while South India and West India indicate a growth of 7% and 5% respectively followed by North India at 4%

Bengaluru: Pan-India retail business sales in March 2023 showed a growth of 6% as compared to the sales levels during the same period in March 2022, records the Retailers Association of India (RAI) in its 38th edition of the Retail Business Survey.

In categories, furniture and furnishings reported a growth of 13% followed by consumer durables and electronics at 12%. While food and grocery and sports goods showed a growth of 11% each as compared to sales levels in March 2022.

QSR (quick service restaurant) category reported a YoY (year-over-year) growth of 10%.

The beauty, wellness and personal care sector witnessed the least growth of 1% in March 2023 while the apparel and clothing sector as well as the jewellery business recorded sales growth of 2% each.Survey 1“The survey indicates a spike in furniture and furnishings and CDIT (consumer durables and IT) sales. Retailers are witnessing modest growth. RAI is already in touch with the government bodies to enable ease of doing business in the country,” said Kumar Rajagopalan, chief executive officer of RAI.

Retail businesses across regions have indicated growth in sales as compared to the March 2022 sales level with East India signalling growth of 8%, while South India and West India indicate a growth of 7% and 5% respectively followed by North India at 4%.

Retailers Association of India is the apex body which represents offline and online retailers in India. The Mumbai-based trade body was launched in 2004 and is involved with retail advocacy, organizing conferences, knowledge-sharing initiatives and training programs.

 

 

The post Retail business sales witness 6% growth in March 2023 compared to last year: RAI Retail Business Survey appeared first on India Retailing.



from India Retailing https://ift.tt/9rqgmVZ
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
68 comments
Read more

Coronavirus Recovery: Canadian Small Businesses Must Focus on Easing Employee, Customer Fears

By M. Tina Dacin and Laura Rees A small business has been  given the green light to reopen amid the COVID-19 pandemic . What does it need to consider for employees and customers? Small business owners are reorganizing physical space to account for continued distancing requirements and rethinking supply chains to deliver products and services in new ways to meet changing demand patterns. But they must not forget the hearts and minds of employees and customers. That doesn’t mean replacing a focus on the bottom line, but it helps address the need for a new set of expectations and ways of communicating in terms of product or service offerings, delivery methods and real-time feedback. Based on our expertise in organizational behaviour and past research we’ve conducted, we provide a set of recommendations to help small businesses thrive in our new COVID-19 economy by looking after the hearts and minds of the people most important to businesses — employees and customers. Fear, Anxi...
1 comment
Read more

World's 1st Pizza Subscription Service Launches in Toronto

general assembly subscription user opening delivery box of pizza. photo: general assembly pizza By Mario Toneguzzi Toronto-based General Assembly Pizza has launched what it describes as the world’s first pizza subscription service as it also plans to aggressively expand its product offering in the near future by opening a new concept in the market. "Since opening our doors in 2017, we have pushed for the best guest-experience possible — that's why our dough is 100 percent naturally leavened, that's why we have a purpose-built 400-square-foot pick-up and delivery area, and that's why we’ve launched a direct-to-consumer subscription-based ecommerce platform,” said Founder & CEO Ali Khan Lalani. “In 2020, providing the best guest experience means General Assembly Pizza has to be more than a restaurant. I'm proud to say that after almost six months of planning, many roadblocks, and countless pivots — all while maintaining our day-to-day restaurant operatio...
1 comment
Read more