Retail industry to have muted sales growth: Report
    Date :26-Mar-2020

Retail industry_1 &n
DOMESTIC retailers are expected to see muted sales in the wake of the lockdown and the recovery is likely to be gradual as it will depend on consumers’ income, according to a report. The retailers would have to cut back their discretionary spends and expansion plans, which include store additions in the near term, as focus shifts to business continuity, said a report by IIFL Securities. “We expect the recovery to be gradual, as the income impact on consumers weighs on the pace of recovery,” the report said. Moreover, cash flow concerns are likely to emerge for smaller peers.