Indian Retail Industry - Fashion Retail Witnesses Early Trends Of Recovery, Post Reopening: ICRA
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ICRA Research Report
The fashion retail segment is witnessing strong recovery in sales post reopening after Covid 2.0.
Our channel checks suggest that during the months of July and August 2021, the segment witnessed a healthy recovery upto 70-85% of pre-Covid-19 level of sales.
While the average ticket size has moderated from FY2021 levels (though remained higher than the pre-Covid levels), the footfalls have increased, suggesting that this time around consumers are more comfortable in making repeat visits.
This current recovery is in contrast to a relatively muted recovery (upto 48-50% of pre-Covid sales) reported during Q2 FY21 following the reopening after the first wave.
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