Retail differs from other industries in one important way: it does not produce goods. Instead, retailers buy things in bulk from manufacturers. These items are then priced up and sold to the general public. Groceries, conveniences, discounting, independents, retail locations, DIY, electrical, and speciality retail sales are all available internationally.
According to MEI issued Monday, the country’s retail sector showed a rise in hiring in April, showing double-digit growth for the first time since the pandemic broke out. According to the report, retail hiring increased by 47 percent year over year, surpassing pre-pandemic levels.
“With the reopening of brick-and-mortar establishments, the retail job market has exploded.”
Consumers are flocking to leisure centers like malls as Covid-19 limits are eased, generating a desire for store talent, according to the report., according to the report. Favorable economic sentiment aided India’s hiring demand in April, which increased by 15% year on year and 4% month on month.The Monster India Employment Index (MEI) is a monthly review of Monster India’s job posting activity on the internet. The Monster Employment Index provides a snapshot of employer online recruitment activity across the country based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets.
The study was conducted between April 1 and April 30.
The labor market is recovering across various industries that were damaged by the epidemic, with April showing the biggest rise, according to the Monster Employment Index (MEI). “The retail sector’s fast rebound demonstrates its tenacity and potential as a valuable addition to our GDP,” said Sekhar Garisa, CEO of Monster.com.
Consumers were trapped indoors and longer periods following the epidemic, which had a severe impact on retail sales. Meanwhile, traditional retailers have suffered as a result of online shopping. This resulted in huge job losses across a variety of retail types, both organized and unorganized. However, retailers reported a healthy sales recovery in the second half of the March quarter. According to them, this was marked by a rise in demand for formal clothing, children’s wear, and women’s casuals. Consumers are upgrading their ensembles as offices reopen.
According to the Retailers Association of India’s March Retail Business Survey, retail sales increased 28 percent year on year and 12 percent over March 2019. (RAI). The association has yet to release April data.
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