The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, has raised growing concern about the current standing of the local retail sector. “If the retail sector collapses completely, it will greatly affect its larger ecosystem that depends on retail, penetrating deep into the length and breadth of the country,” it said. The financial and social repercussions will be unprecedented and the loss of employment alone will be disastrous. The local retail sector accounts for over 30% of the national GDP and 14% of direct employment in the workforce. Over 10% percen…