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  1. Business - RETAIL

    Department stores find ways to thrive despite online competition

    Posted Oct 16th 2014, 01:05pm by Reuters

    ... per cent to about US$450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 per cent of total spend five years from now. Pioneered ... the Ukraine crisis has hit Russian demand for luxury goods, while Chinese spending has also slowed. However, department stores still see plenty of room for growth in emerging markets as urbanisation ...

    http://www.scmp.com/business/article/1617561/department-stores-find-ways-thrive-despite-online-competition

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