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Retailers Association of India (RAI) has released the 56th Retail Business Survey, reporting a 7% growth in the retail sector from 7 October 2024 to 1 December 2024 compared to the same festive period last year (2 October 2023 to 26 November 2023). Retailers Association of India (RAI) #RetailBusiness #Retailsector Kumar Rajagopalan https://lnkd.in/gwYPRpeB

RAI’s CEO says their recent report indicates that there has been only 7% growth in the retail sector during the festive season, compared to the 10% growth anticipated. Retailers Association of India (RAI) #retail #growth #festiveseason #retailindustry #retailsector

FESTIVAL SEASON SHOWS MODERATE GROWTH FOR RETAIL SECTOR Retailers Association of India (RAI) has released the 56th Retail Business Survey, reporting a 7% growth in the retail sector from 7 October 2024 to 1 December 2024 compared to the same festive period last year (2 October 2023 to 26 November 2023). The survey highlights key trends shaping various retail segments across different regions of the country. “RAI’s survey indicates a moderate growth of 7% during the October-November festive season, falling short of the anticipated 10%. Consumption growth has been subdued throughout the year, prompting retailers to boost business through promotional offers and encouraging festive purchases. We are hopeful for stronger growth in 2025, as rising operational costs require a sustained growth trajectory to maintain profitability. Inflation, intensified competition, and limited spending, particularly by the lower middle-class population, remain significant challenges,” said Kumar Rajagopalan, CEO, Retailers Association of India (RAI). The survey further reveals that West India experienced the highest sales growth at 8%, while North, South, and East India each recorded a 7% increase. In terms of categories, food and grocery registered the highest growth of 14%, followed by 10% in QSR and 9% in jewellery compared to the same festive time period last year.

Retailers Association of India just released its 55th Retail Business Survey, which pegs the retail sector’s growth at 5% in September 2024 over the corresponding period in the previous year. It explains the trends that rule various retail segments in different parts of the country. Retailers Association of India (RAI), Kumar Rajagopalan #rai #Business #Survey #growth #growthperiod #performance #highlights  #festiveseason #economy #categories https://lnkd.in/gKpCsgPA

“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,” says Kumar Rajagopalan, CEO, Retailers Association of India (RAI), while speaking about the findings of RAI’s 55th Retail Business Survey. #RetailGrowth #RetailIndustry #ConsumerTrends #RetailSurvey #BusinessGrowth #RetailStrategy #MarketTrends #EconomicRecovery

Festive Sales Slump Hits Retailers in 2024: Lower-than-Expected Growth Retailers have been facing a challenging festive season in 2024, with sales growth falling below expectations. Despite attractive offers and discounts, muted demand for everyday goods and discretionary items has impacted the retail industry. While West India reported an 8% increase, other regions saw only a 7% growth. Consumer sentiment remains low, affecting both manufacturers and retailers alike. #festivesales #retailers #2024sales #consumertrends #retailgrowth #indiashopping #consumerconfidence #salesgrowth #discounts #lowdemand #holidayseason #salesperformance

India’s Retail Sector Grows 7% During Festive Season, Faces Challenges Ahead The Retailers Association of India (RAI) reported a 7% growth in the retail sector during the festive period from October 7 to December 1, 2024, compared to the same period in 2023. While this growth reflects a positive trend, it fell short of the anticipated 10%, underscoring the persistent challenges facing the industry. According to […] The post India’s Retail Sector Grows 7% During Festive Season, Faces Challenges Ahead appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023. https://ift.tt/RFu19LZ

Discover the detailed insights from the 51st Retail Business Survey by RAI. Dive into our blog for a comprehensive understanding of the current retail landscape and future expectations - https://lnkd.in/gFp24vfQ #raisurvey #RetailGrowth #retailnews #consumertrends #indianapparel #apparelandtextilenews #RetailGrowth #RetailInsights #MarketAnalysis #RetailSector #consumerdurables #foodandgrocery #retailindia #qsrgrowth Retailers Association of India (RAI)

RAI survey shows retail sales grew 8% in March 2024 as compared to March 2023 Full Article Link >>> https://lnkd.in/gHvjw4yw MUMBAI: The 49th edition of the Retail Business Survey by the Retailers Association of India (RAI) indicates that sales in March 2024 showed a growth of 8% as compared to sales levels in March 2023.Speaking about the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “In March 2024, our review of the retail […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

The Retailers Association of India has just released its 54th Retail Business Survey, revealing a modest 2% growth in the retail sector for August 2024. Read the full blog for in-depth analysis and strategies to energize consumer demand - https://lnkd.in/getukM6K #raisurvey #RetailGrowth #indianapparel #economicgrowth #businessstrategy #RetailSuccess #retailtrends #consumerinsights #IndianRetail #marketanalysis Retailers Association of India (RAI)