Rebound In Offline Footfalls Not To Affect E-Commerce Sales Gallop

09 May 2022, Mumbai:

Sales gallop despite a big rebound in offline business.

Consumers are continuing to buy online despite footballs and sales recovering back to pre-covid levels at offline markets and large retail stores, as for the latest financial data of several top companies.

ALSO READ RAI : Retail clock decent sales growth in March

On the rise data from top companies show contribution from online channels on a steady rise.

RELEVANT NEWS CRISIL Ratings: 'Offline Apparel Retailers' expected to witness growth trajectory this year

Numbers-wise
Reliance Retail reported a 17% contribution from e-commerce. sales.
This is compared to 10% a year back.
20% plus a share of Hindustan Unilever's digitized sales in the March quarter.
e-commerce sales of Trent have surged to 7% as compared to 5% in FY21.

RELEVANT NEWS January retail sales restricted to 91 per cent of pre-pandemic levels: RAI

As per Gaurav Jain, head of strategy Reliance retail," Consumers are shopping in both online and offline channels and shopping more than 35% what was earlier through a single channel".

Join our community on Linkedin 

CREDITS: ET Dt 09-05-2022 (The news article has not been edited by DFU Publications staff).