Retailers witness slowdown in revenue recovery in December
News: According to Retailers Association of India (RAI), retail sales in December grew 7% over pre-Covid levels (26% YoY). However, the trajectory decelerated significantly during the last week of the month owing to a rise in cases. Apparel category witnessed 2% growth while footwear segment grew 7% in December.
Views: The Revenue trajectory for major categories such as sports goods, footwear and apparel has started to witness a dip owing to local restrictions and subdued footfalls. Companies with strong balance sheet and pan-India presence are expected to tide over the current situation better than small peers.
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