scorecardresearchRetail sector is on the ‘cusp of accelerated earnings growth’ despite inflation

Retail sector is on the ‘cusp of accelerated earnings growth’ despite inflation

Updated: 06 Jul 2022, 11:31 AM IST
TL;DR.
According to the BS report, shopping malls are witnessing increased footfall in lower-tier towns and standalone stores as consumption picks up and mobility improves. Retailers, too, plan to ramp up store expansion in 2022-23 (FY23) as sales recover to pre-pandemic levels, it added.
HAYWARD, CALIFORNIA - JUNE 29: A shopper walks by a window display in an H&M store at Southland Mall on June 29, 2022 in Hayward, California. Swedish fashion retailer H&M reported a 17 percent jump in second quarter earnings with sales totals of $5.37 billion.   Justin Sullivan/Getty Images/AFP
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HAYWARD, CALIFORNIA - JUNE 29: A shopper walks by a window display in an H&M store at Southland Mall on June 29, 2022 in Hayward, California. Swedish fashion retailer H&M reported a 17 percent jump in second quarter earnings with sales totals of $5.37 billion. Justin Sullivan/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==