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377,031
Retail sales in India slumped by 79% in May compared to the same month in pre-pandemic year of 2019, a new survey showed.
The latest study by the Retailers Association of India (RAI) said while sales of food and grocery business dropped by 34% for the month compared to the same period in 2019, footwear, beauty, wellness and personal care items businesses declined by more than 85% for the month.
In May, many states and cities including Maharashtra, Karnataka, Delhi and various other states went on weeks-long lockdowns in a bid to curb the more virulent third wave of the coronavirus in India. So retailers nationwide were hit hard by the closures.
“Retailers across regions are reflecting a deep fall in sales with Southern India at -73% in May 2021 as compared to May 2019 pre-Covid sales, eastern region at -75%, while western and northern regions have indicated -83% sales in May 2021 as compared to May 2019,” RAI said a press release on Tuesday.
The latest study by the Retailers Association of India (RAI) said while sales of food and grocery business dropped by 34% for the month compared to the same period in 2019, footwear, beauty, wellness and personal care items businesses declined by more than 85% for the month.
In May, many states and cities including Maharashtra, Karnataka, Delhi and various other states went on weeks-long lockdowns in a bid to curb the more virulent third wave of the coronavirus in India. So retailers nationwide were hit hard by the closures.
“Retailers across regions are reflecting a deep fall in sales with Southern India at -73% in May 2021 as compared to May 2019 pre-Covid sales, eastern region at -75%, while western and northern regions have indicated -83% sales in May 2021 as compared to May 2019,” RAI said a press release on Tuesday.
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