Retailers clocked 8 per cent sales growth in September reflecting positive consumer sentiment: RAI
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- ✓Retailers clocked 8 per cent sales growth in September, reflecting positive consumer sentiment, said the Retailers Association of India.
- ✓Growth was led by quick-service restaurants, food and grocery, and apparel.
- ✓Kumar Rajagopalan said, "Retail sales growth of 8 per cent in September is encouraging, particularly when viewed in the festive context."
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- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Retailers clocked an average sales growth of 8 per cent in September, reflecting positive consumer demand ahead of the Diwali festivities season, according to estimates by the Retailers Association of India (RAI). The growth was led by quick-service restaurants, food & grocery and apparel & clothing segments.
Kumar Rajagopalan, Chief Executive Officer, Retailers Association of India said, "Retail sales growth of 8 per cent in September is encouraging, particularly when viewed in the context of this year's festive calendar. Last year, Navratri began in September, whereas this year the celebrations commenced in October, with Diwali falling in November. September's performance therefore largely reflects pre-festive consumption, while the corresponding period last year had already seen festive buying begin. The continued growth across regions and categories provides a positive foundation for the weeks ahead."
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