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Retail sector shows modest 5 pc growth in Sept: Survey
The Daily Guardian
|October 22, 2024
Furniture and furnishing saw a slight decline of 1 per cent, while sports goods and beauty, wellness, and personal care recorded minimal growth of 1 per cent and 2 per cent, respectively.
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The retail sector shows a growth of 5 per cent in September 2024 compared to the same period last year and is expected to grow more in the festival season, according to the Retailers Association of India's (RAI) 55th Retail Business Survey.
Kumar Rajagopalan, CEO of RAI, pointed out that consumer behaviour is evolving and said, "September's retail performance highlights that consumers are spending selectively. As we approach the festive season, this behaviour presents an opportunity for retailers to align their strategies with consumer expectations."
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