Small offline retailers lost 50% of their business in the first 15 days of January due to COVID-19

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Small offline retailers lost 50% of their business in the first 15 days of January due to COVID-19
BI India
  • CAIT is the union of 40,000 trade associations and seven crore members.
  • The offline retail has declined nearly 45% in the last seven days of survey, between January 8-15.
  • CAIT has urged the state as well as central government to come up with better policies to fight the Covid-19 pandemic.
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As Amazon is trying to get the best out of the third wave of Covid with its latest sale, the offline retailers have no option but to face the direct impact of it.

The Confederation of All India Traders (CAIT) — a union of 40,000 trade associations and seven crore members — highlighted that traders have lost 50% of their business between January 1-15 across several categories.

This was majorly due to the third wave of the Covid-19 and the resultant restrictions, which has prevented customers from stepping out unnecessarily and made out-of-town buyers to source products from their usual sellers.

The offline retail has declined nearly 45% in the last seven days of survey, between January 8-15, the organisation added.

Gifting, Toys saw the biggest decline

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CategoryDrop witnessed
Gift70%
Toys65%
Footwear60%
Electronics, Mobiles, Sanitary ware, Builder Hardware, Furnishing Fabrics, Suitcases and luggages50% each
Textiles, electric goods, Watches40%
Apparel 30%

CAIT has urged the state as well as central government to come up with better policies to fight the Covid-19 pandemic, while keeping the interest of the offline retailers as well. “But beside restrictions, the commercial and economic activities should also go on smoothly side by side,” the association added.

The three-decade-old organisation mentioned that the odd-even policy taken up by the Delhi government, along with the weekend curfew, has limited retailers’ to open shops only two-three times a week.

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