Goldman Sachs Group

Uniqlo, 7-Eleven owners betting on overseas markets

Stagnant spending and soft wage growth in Japan are forcing two of Asia’s biggest retailers – Fast Retailing and Seven & i Holdings – to court overseas consumers to drive long-term growth.Fast Retailing, operator of the Uniqlo chain, and convenience-store giant Seven & i will report earnings results Thursday amid a Japanese economy that’s still posing challenges even as it expands.

12 October 2017
0

Weak spending stumps Indonesian policy makers

Almost four million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation.Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers and economists perplexed.

9 October 2017
0