Retail sales grow by 24% in May; garments and footwear pickup

New Delhi, June 16 (KNN) The retail sales in the month of May 2022 has jumped by 24 per cent as compared to pre-pandemic levels and categories such as garments and footwear have gained momentum owing to increasing pace of socialisation.

As compared to the pre-pandemic sales level in May 2019, retail businesses across regions have indicated growth in May 2022, as per the 28th edition of the Retail Business Survey by the Retailers Association of India (RAI).

Sales in West India grew by 30%, whereas in East India it grew by 29%, said the report.

In the South India region growth of 22% has been reported while for North India it was reported at 16%.

Speaking about the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “It is encouraging to see a steady improvement in sales with 23% growth in April and 24% in May as compared to the pre-pandemic levels.”

“Categories such as garments and footwear have begun to do well on account of the ongoing wedding season and due to the resumption of work from office. The worry around inflation continues to exist, however, as of now, customers are willing to come out and shop as socialising is now picking up pace,” he said.

With outdoor activities picking up, categories such as Quick Service Restaurants (QSR) and Footwear are indicating rapid growth and categories such as Beauty and Wellness have also started to show positive growth.  (KNN Bureau)