India’s liberalised FDI policies – 51 per cent FDI in multi-brand retail and 100 per cent foreign direct investment (FDI) in single-brand retail under the automatic route (against the previous 49 per cent) — has attracted major global PE funds to double their investments in the Indian retail sector.
US retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away.
Japan’s retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending, raising a red flag over the strength of domestic demand.
WTS Dhruva Consultants, a boutique tax advisory firm and FTA registered Tax Agent with presence in the UAE, Saudi Arabia and Bahrain, has published another comprehensive guide on ‘Impact of Indirect Taxes on Retail Sector
US retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household items like furniture and discretionary spending, which could temper expectations for a strong holiday shopping season.
Officials from Abu Dhabi Department of Economic Development (DED) have inaugurated a new branch of Jumbo Electronics, the leading OmniChannel retailer in the region, at The Galleria Al Maryah Island in Abu Dhabi.
US retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labour market, raising fears the economy was slowing a bit faster than anticipated in the fourth quarter.
Japan’s factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign and domestic demand.
The coronavirus pandemic literally crushed Asia’s garment industry. Factory owners in Myanmar, Bangladesh, Thailand and Cambodia shut down thousands of factories and sent home workers with little or no pay.