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Moody's

Indian economy may clock double-digit growth in 2021 but retail activity down 25% in April: Moody’s

The second wave of COVID-19 infections presents a risk to India's growth forecast as the reimposition of measures to curb the spread of the virus will hit economic activity, but a double-digit GDP growth is likely in 2021 given the low...

As US struggles to cope with COVID, retail sales drop by 0.7%

US retail sales dropped by 0.7 per cent in December, marking the third monthly decline in a row, as the country struggles to cope with the unabated Covid-19 surge, the Commerce Department reported. Excluding motor vehicles, parts and gasoline stations, retail sales fell by 2.1 per...

Reliance's acquisition of Future Group to strengthen its retail footprint: Moody's

Reliance Industries Ltd's acquisition of Future Group's consumer business will strengthen the retail footprint of India's largest organised retailer, Moody's Investors Service said on Wednesday. According to a PTI report: Last week, RIL announced that it will acquire Future Enterprise...

Coronavirus freezes consumer-driven US economy, testing retailers

The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike,...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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