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27 January 2022, Mumbai:
Apparel Sales Continue To Be Impacted
Footfalls increase in some markets, online orders jump
Ecommerce drives Republic Day sales
Footfalls recover in Delhi-NCR, Mumbai, and Kolkata, but are still lower than usual.
KEY HIGHLIGHTS
- R-Day sales increased in double digits v/s 2021 for top retailers
- It also increased in double digits v/s 2021 for web-commerce companies
- Visible improvements in footfalls at stores in Mumbai, Kolkata & Delhi
- Triggers an extended period of shopping offers
In the south, where infection rates are still high, footfalls are impacted.
Higher avg discount, an extended period of sales this year.
Surge is driven by consumer electronics, grocery stores.
Credits: ET dt 27-01-2022
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