: Retailers report 10 per cent rise in sales during Diwali #FinanceIndia #StockMarketNEWS Retailers report 10 per cent rise in sales during Diwali New Delhi, Nov 16 (KNN) Confederation of All India

@StockMarketNEWS Tue 17 Nov, 2020

Posted in: #FinanceIndia #StockMarketNEWS

Retailers report 10 per cent rise in sales during Diwali #FinanceIndia #StockMarketNEWS
Retailers report 10 per cent rise in sales during Diwali New Delhi, Nov 16 (KNN) Confederation of All India Traders (CAIT) has said that sales during the countrys Diwali festive period rose by 10 per cent despite of COVID impact.

According to CAIT, which claims to represent tens of millions of firms across the country, said that sales of its members during the one-month festive season that ended on Saturday increased to more than Rs 72,000 crore.

The trade body said it gathered sales data from 20 cities including Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Kolkata, Nagpur, Raipur, Bhubaneswar, Ranchi, Bhopal, Lucknow, Kanpur, Noida, Jammu, Ahmadabad, Surat, Cochin, Jaipur, Chandigarh are considered as distribution cities by the CAIT for the purpose of its surveys.

The robust sales that happened in commercial markets during Diwali festive season indicates good business prospects in future and brought back some smiles on the faces of traders, it said in a statement on Sunday.

FMCG goods, consumer durables, toys, electrical appliances and goods, electronic appliances and white goods, kitchen articles and accessories, gift items, confectionary items, sweets, home furnishing, tapestry, utensils, gold and jewellery , footwear, watches, furniture, fixtures, garments, fashion apparels, cloth, home decoration goods were among the products most purchased on Diwali, it said.

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