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Article: Indian retail sector to remain under pressure: Macquarie.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 17, 2009
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Indian retail sector to remain under pressure: Macquarie
New Delhi, Feb 17 (PTI) -- The Indian retail sector is likely to remain under pressure in the near-term largely due to slower growth rate and difficult fund raising options, global research firm Macquarie says.
"The Indian retail sector is going through a rough patch currently. While falling real estate costs provide some relief, slowing same store sales growth and a capital crunch have impacted growth prospects and profitability," Macquarie said, adding, "we expect near-term profitability in the sector to remain under pressure." The growth for same stores sales (SSS) - comparison of sales of ...