Aided by a gradual recovery following the easing of lockdown restrictions, retail chain Avenue Supermarts (DMart) reported a sequential uptick in the second-quarter performance. Sales in the quarter were up 37 per cent over the June quarter, though they were down 12 per cent from the year-ago levels.
Most sales were still for essentials (staples and fast-moving consumer goods or FMCG), even as there was some uptrend in general merchandise and apparel. The company highlighted that the recovery in mature stores or units, which are at least two years old, is 87.5 per cent in ...
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