The global economic turmoil and its after effects are taking a toll on the fast growing retail sector, the clothing retailing in particular. Plans of entering the Indian markets have been put on the back burner by global retailers for the time being, due to the fall in consumer spending.
Apparel manufacturers, who supply to organised retailers, are having a tough time. The global financial crisis has hit exports hard and now, the domestic scenario has also worsened.
* To open Romanian mega-mall in Bucharest on Oct. 29 * Cotroceni one of biggest malls to open in Europe in 2009 * Expects new projects to double 2010 group rental income LONDON, Oct 21...
HONG KONG, Oct 19 - The global market for luxury goods will shrink by 8 percent this year, according to Bain & Co, and grow just 1 percent next year, but the impact of the...
* Sept like-for-like sales down 8 pct vs f'cast 7 pct fall * Total sales up 1 pct vs 2 pct rise seen by analysts * Analysts say October will be key month STOCKHOLM, Oct...
* Pittsburgh G20 meeting draws protesters * Protesters call for government jobs program * Sunday march drew smaller crowd than organizers hoped (Updates with end of march, adds new quotes) PITTSBURGH, Sept 20 - Protesters...
* Pittsburgh G20 meeting draws protesters * Protesters call for government jobs program * Organizers expect thousands to march on Sunday PITTSBURGH, Sept 20 - Protesters began a peaceful march in Pittsburgh on Sunday demanding...
*Positive on China, Thailand, Korea *Favours China's consumer sector, cuts exposure to property *Underweight on India, Indonesia on valuation basis *Likes Malaysia's CIMB, Top Glove, Gamuda, planters KUALA LUMPUR, Sept 16 - AmInvestment Bank Group...
* M&A ambitions grow * Will enter Russian market next year * Shares down 4 pct, underperforms 2.8 pct Nikkei decline (Adds details and background) TOKYO, Sept 2 - Japan's Fast Retailing, operator of Uniqlo...
* Cuts operating profit forecast by 12 pct, sales by 2.5 pct * New operating profit forecast 8 pct below market consensus * Cites unfavourable weather, falling prices (Recasts, adds comments and background) TOKYO, Sept...