Big drop in retail sales, 79% decline in May retail sales compared to two years ago

Big drop in retail sales, 79% decline in May retail sales compared to two years ago

New Delhi: According to a survey conducted by the Association of India (RAI), retail sales in May 2021 fell by 79 per cent as compared to May 2019 in the pre-corona period. The biggest decline in sales was in western and northern India, where retail sales fell by 83 percent in May 2021 compared to the same period two years ago. . According to the RAI survey, there was a greater decline in sales in May than in April 2021. In April 2021, there was a decline of 49 per cent in comparison to April 2019 two years ago.

Restrictions due to the second wave of the Corona epidemic caused the biggest decline in sales of beauty, wellness and personal care in May 2021. Their sales decreased by 87 percent compared to May 2019. After this, the biggest decline was in footwear, whose sales decreased by 86 percent. In May 2021, the lowest decline compared to two years ago was in Food and Grocery and its sales decreased by just 34 percent. However, sales of quick service restaurants declined by 70 percent.

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