Magazines Archives - 2008 November

Holiday sales: How much of this will be washed out by the economic storm?
Story 1 - One Viewpoint

The raging US credit crunch dragging the world into financial turmoil has sent Asian financial markets reeling and stock indices plummeting to multiyear lows. Economies in the region now face a worse-than-gloomy outlook, with many on the brink of recession. Consumer confidence has in turn taken flight, plunging consumer markets into grave uncertainties. Just how badly will this maul the year-end holiday day shopping — typically a major retail season? Clearly, much depends on how the financial mayhem pans out.
Glimpses of the likely scenarios may be gleaned from recent surveys back at the source and epicentre of this global crisis — the US consumer market. By Steven HL Goh


Steven HL Goh is the executive chairman of RETAIL ASIA. He is also the CEO of The Business Company, a consulting firm advising multinational retailers on retail strategies and business development opportunities in the Asia-Pacific.

To view full story, get a copy of Retail Asia. To subscribe, please download the subscription form from 



2008 Nov Stories:

Holiday sales: How much of this will be washed out by the economic storm?

Developers leading green-mall movement in Singapore

The NRA Show remains important as dynamic industry event

Top retailers feted at awards ceremony and gala dinner

Retail developers at ICSC Asia Expo pin hopes on Asian markets

Harvey Nichols boosts MAP’s status as retail powerhouse in Indonesia

Auric Pacific raises stake in Food Junction to boost industry presence

Orchard Central goes Med

US JCPenney launches Australian online portal

ViVOtech extends expertise technology to NFC public trials in Singapore

Elizabeth Arden brings Juicy Couture to Asia

Saigon Co.op on track to open 100 stores by 2015

Takashimaya, H2O Retailing to merge by 2011

bulthaup’s new clean line of furniture shies away from the trendy

Lotte growing aggressively through global acquisitions

> Back To 2008 Archives

Site Map
Powered By