Large retail chains’ sales at pre-Covid levels in Jan-June

Sales have recovered to pre-pandemic levels at large retail chains, also known as modern trade, in the January-June period owing to low infection rates, a pick-up in consumer mobility and withdrawal of all Covid curbs, said researchers and consumer goods makers. Also, the pace of ecommerce channel growth has slowed compared with the previous two years.

As per smartphone and electronics industry researcher GfK India, the contribution of organised retail surged in January to May compared with the same period last year by 1-4 percentage points across products such as smartphones, televisions and large appliances.