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RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades Retailers Association of India (RAI) announced a Memorandum of Understanding (MoU) with the Facilitating MSMEs Tamil Nadu (FaMeTN). Under the MoU, RAI will play a key role in the development of Retail Policy in the state, collaborating extensively with FaMeTN to support the retail industry and MSMEs. RAI will facilitate important discussions between FaMeTN and member retail MSMEs, helping to understand their needs regarding skill development, branding and marketing, capital, compliance, an...
RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades
RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades
Source: PR Agency
8/08/2023 12:26:51 PM
RAI organised first North-East retailers conclave in Guwahati Retailers Association of India (RAI) organized the first edition of the North-East Retailers Conclave along with Open Network for Digital Commerce (ONDC) as a presenting partner to evangelize retailers in the region about the concept of ONDC and how the ONDC network can add value to small businesses in the region.   The North-East Retailers Conclave was inaugurated by Founder of AM Television Pvt. Ltd. Dr. Sanjiv Narain by lightning the lamp in presence of Kumar Rajagopalan, CEO, R...
RAI organised first North-East retailers conclave in Guwahati
RAI organised first North-East retailers conclave in Guwahati
Source: PR Agency
26/05/2023 11:45:12 AM
India plans cheaper finance, easier rules for small retailers The Indian government may offer low-cost credit to small retailers and ease some rules governing the sector, two officials said, as Prime Minister Narendra Modi moves to shore up a large voter base that is losing business to e-commerce giants. The proposal, which could be announced next month in the last full budget before the 2024 general election, aims to revive growth in the smaller physical retail sector which has been hit by the entry of companies such as Amazon, Flipkart, Tata Group-...
India plans cheaper finance, easier rules for small retailers
India plans cheaper finance, easier rules for small retailers
Source: Reuters
16/01/2023 5:20:32 PM
India`s retail industry sees 19% rise in sales over pre-pandemic levels during April-November 2022: RAI Retailers Association of India (RAI) has said India's retail industry saw a 19 per cent rise in sales over pre-pandemic levels during the April-November 2022 period riding on the back of strong performance of segments such as quick service restaurant and footwear. It highlighted that region wise, the eastern part clocked the highest growth at 21 per cent as compared to the same period in 2019. North India followed with a 19 per cent growth while both western and southern parts witnesse...
India`s retail industry sees 19% rise in sales over pre-pandemic levels during April-November 2022: RAI
India`s retail industry sees 19% rise in sales over pre-pandemic levels during April-November 2022: RAI
Source: Accord Fintech
26/12/2022 10:33:48 AM
Physical Retail to thrive on customer experience; Retail leaders deliberate at the Rai Kolkata Retail Summit 2022 The Retailers Association of India (RAI) organised the ‘Kolkata Retail Summit (KRS) 2022’ on 18 November 2022 at The Park Hotel in Kolkata. The summit saw tremendous participation from the retail fraternity of Eastern India.  The summit commenced with an address by Bijou Kurien, Chairman, Retailers Association of India (RAI). Expressing his views, Bijou Kurien said, “Retail has transformed dramatically in the last two years. Retailers re-evaluated the role of st...
Physical Retail to thrive on customer experience; Retail leaders deliberate at the Rai Kolkata Retail Summit 2022
Physical Retail to thrive on customer experience; Retail leaders deliberate at the Rai Kolkata Retail Summit 2022
Source: PR Agency
24/11/2022 5:13:39 PM
Retail businesses witness 13 pc sales growth in June Retail businesses across India witnessed 13 per cent sales growth in June compared to the pre-pandemic levels of the same month in 2019, Retailers Association of India said on Monday. Although sales last month were higher than the pre-pandemic levels, the second half of June was not very encouraging, and the impact of inflation on consumer spending is still a worry, which may affect the upcoming festive sales, Retailers Association of India (RAI) said in a statement. As per RAI's lates...
Retail businesses witness 13 pc sales growth in June
Retail businesses witness 13 pc sales growth in June
Source: Dion Global Solutions Ltd
19/07/2022 9:36:39 AM
Retail businesses across India grow 23% in April 2022: RAI Retailers Association of India (RAI) in its latest survey has said that retail businesses across India grew 23 per cent in April 2022 in terms of sales as compared to pre-pandemic levels of the same month in 2019 with customers coming back to stores. In terms of categories, it said the quick service restaurant segment grew the highest at 45 per cent in April 2022 over the corresponding period of 2019, followed by consumer durables and electronics at 26 per cent. Apparel and clothing, and s...
Retail businesses across India grow 23% in April 2022: RAI
Retail businesses across India grow 23% in April 2022: RAI
Source: Accord Fintech
16/05/2022 10:54:48 AM
Retail business in India grows 10% in February 2022: RAI Retailers Association of India (RAI) in its latest business survey has showed that retail business in India grew 10 percent in February 2022 compared to the sales level in the same month last year, signaling that the sector is inching towards normalcy. The rise witnessed last month marks a growth of 6 percent compared to February 2020.  The industry body said retail businesses across regions have indicated growth in February 2022, with sales in West India growing 16 percent against th...
Retail business in India grows 10% in February 2022: RAI
Retail business in India grows 10% in February 2022: RAI
Source: Accord Fintech
15/03/2022 12:40:11 PM
Retail sales in January suffered due to COVID-19 restrictions; at 91% of pre-pandemic levels: RAI The Retailers Association of India (RAI) has said that retail sales in January 2022 suffered due to the restrictions imposed by states in an attempt to curb the third wave of Covid-19 pandemic. In its latest business survey, it said retail sales in January were at 91 percent of the pre-pandemic sales levels of January 2019, as well as that of January 2020. The survey revealed that in terms of region, the East zone witnessed the biggest drop last month with a 13 percent decline, as compared...
Retail sales in January suffered due to COVID-19 restrictions; at 91% of pre-pandemic levels: RAI
Retail sales in January suffered due to COVID-19 restrictions; at 91% of pre-pandemic levels: RAI
Source: Accord Fintech
15/02/2022 11:58:07 AM
Retail sales in India grow by 9% in November: RAI Signaling improvement in business albeit worries around Omicron variant spread and the third wave of the pandemic, the Retailers Association of India (RAI) in its latest report has showed that retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 The industry body RAI further said that West India signaled 11 per cent increase, followed by East and South India at 9 per cent while North India indicated a growth of 6 per cent each...
Retail sales in India grow by 9% in November: RAI
Retail sales in India grow by 9% in November: RAI
Source: Accord Fintech
20/12/2021 1:52:33 PM
Retail sales across India touch 72% of pre-pandemic levels in July: RAI Retailers Association of India (RAI) in its Retail Business Survey for the month has said that retail sales across India continued to recover in July 2021, reaching 72 percent of the pre-pandemic levels of July 2019. It said that the rate of recovery was 50 percent of pre-pandemic levels in June 2021. It also said the retailers across the country are now pinning their hopes on the festive season for a significant sales recovery. According to the retailer's body, RAI retail businesses i...
Retail sales across India touch 72% of pre-pandemic levels in July: RAI
Retail sales across India touch 72% of pre-pandemic levels in July: RAI
Source: Accord Fintech
18/08/2021 3:19:58 PM
Retail sales in July stood at 72% of pre-pandemic levels With the gradual lifting of lockdowns across several states, retail sales in India have improved and in July 2021, they stood at 72 per cent of the pre-pandemic levels of July 2019, according to a survey by the Retailers Association of India (RAI). In June, the retail sales stood at 50 per cent of the pre-pandemic levels. In a statement, the retailers' body noted that retail businesses in the southern part of India have indicated a very sharp comeback in July 2021 with sales at 82 p...
Retail sales in July stood at 72% of pre-pandemic levels
Retail sales in July stood at 72% of pre-pandemic levels
Source: IANS
17/08/2021 1:55:31 PM
Retailers witness massive sales de-growth: RAI survey As India battles the severe second wave of Covid-19 and states undergo lockdowns, retailers across the country have witnessed a sales de-growth of 49 per cent in April compared to the same period of 2019, according to a survey by the Retailers Association of India. In March, the nationwide sales de-growth was recorded at 12 per cent, showed the survey. Region-wise, western India was the most impacted in April with a contraction of 72 per cent, followed by 45 per cent in the north. South...
Retailers witness massive sales de-growth: RAI survey
Retailers witness massive sales de-growth: RAI survey
Source: IANS
26/05/2021 4:56:11 PM
Retailers Association of India seeks capital support for retail industry amid pandemic Retailers Association of India (RAI) has urged the government to take steps for capital infusion into the retail industry with ECLGS benefits and loan moratorium. Speaking about the state of the Indian Retail Industry, Kumar Rajagopalan, CEO, RAI, said: "The retail industry in India has been in a perpetual paradox ever since the first set of restrictions began last year in March 2020. The businesses and the workforce in retail need to be cushioned by the government or the local author...
Retailers Association of India seeks capital support for retail industry amid pandemic
Retailers Association of India seeks capital support for retail industry amid pandemic
Source: IANS
13/05/2021 2:19:12 PM
Retailers body appeals to prioritise Covid vax for workers Retailers Association of India (RAI) has appealed to the Ministry of Health and Family Welfare to consider prioritising vaccination for the frontline retail workers who face hundreds of people in the course of dispensing their duties and run the risk of getting infected. In a submission to the Ministry of Health and Family Welfare, RAI expressed that the hard work, struggles, and risk of retail frontline workers must also be appreciated along with the frontline workers of the medical and t...
Retailers body appeals to prioritise Covid vax for workers
Retailers body appeals to prioritise Covid vax for workers
Source: IANS
17/03/2021 12:57:13 PM
`Transformation of Kirana stores essential to India`s economic growth` The transformation of just 10 per cent of the 13 million traditional grocery retailers in India, known as 'Kirana' stores, could boost retail consumption by more than 5 per cent and generate approximately 3.2 million new jobs in India, according to a new report from Accenture and the Trust for Retailers and Retail Associates of India (TRRAIN). Titled 'Transforming Kirana Stores to Drive Economic Growth', the report outlines a strategic approach for unlocking value by transf...
`Transformation of Kirana stores essential to India`s economic growth`
`Transformation of Kirana stores essential to India`s economic growth`
Source: IANS
28/01/2021 12:48:27 PM
RAI seeks announcement of National Retail Policy in Budget The Retailers Association of India (RAI) has recommended the government to announce the National Retail policy and allow retailers to register as MSME in the upcoming Union Budget. In a statement, RAI noted that the the Indian retail sector was one of the worst impacted due to the pandemic and all efforts are required to boost the local economy and help revive the retail, saving millions of jobs. RAI in its recommendation said that there is a need to expedite the formulation and impleme...
RAI seeks announcement of National Retail Policy in Budget
RAI seeks announcement of National Retail Policy in Budget
Source: IANS
15/01/2021 1:44:26 PM