Home>News Center>World
         
 

Wal-Mart, Gap look to India as yuan may rise
(bloomberg)
Updated: 2005-07-12 09:26

U.S. retailers, including Wal-Mart Stores Inc., Gap Inc. and Chico's FAS Inc., are increasing purchases of inexpensive clothing and jewelry from India as they brace for rising costs when China, their biggest overseas supplier, revalues its currency.

Wal-Mart, the world's largest retailer, is boosting purchases from India by 30 percent to US$1.5 billion this year. The Bentonville, Arkansas-based chain has an 86-employee purchasing office in Bangalore, India, from which "we could export a lot more," Wal-Mart International Chief Executive John Menzer said during a conference in New York on June 13.


Shoppers exit a Wal-Mart store in Casselberry, Florida June 22, 2004 in this file photo. Wal-Mart is one of the US retailers shifting from China to India for  clothing and other inexpensive goods supply. [Reuters]
 
Retailers that bought about US$65 billion in Chinese goods last year are turning to India because the anticipated yuan revaluation may increase their costs by 10 percent over two years, said Ken Mark, managing director of Martello Group in London, Ontario, a consultant who's co-written Harvard Business School case studies on Wal-Mart. Mark's figure is based on estimates of the yuan's rise versus the dollar.

"Retailers could shift the fall season to India," said Norbert Ore, committee chairman of the Tempe, Arizona-based Institute for Supply Management, the world's largest association of purchasing managers. "We've gotten into a virtual world where buyers can quickly move to the lower-cost country," he said. "If you see a shift in the yuan, you are going to have some impact."


Page: 123



Space shuttle Discovery launch delayed
Blair plans measures to uproot extremism
Pakistan train crash carnage kills 128
 
  Today's Top News     Top World News
 

Taiwan's KMT Party to elect new leader Saturday

 

   
 

'No trouble brewing,' beer industry insists

 

   
 

Critics see security threat in Unocal bid

 

   
 

DPRK: Nuke-free peninsula our goal

 

   
 

Workplace death toll set to soar in China

 

   
 

No foreign controlling stakes in steel firms

 

   
  Judge: Saddam trial could begin next month
   
  DPRK: Nuke-free peninsula our goal
   
  Pakistan train crash carnage kills 128
   
  NASA delays shuttle launch till Saturday
   
  Annan advocates UN Council expansion now
   
  Israel seals off Gaza Strip settlements
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Central bank adviser backs yuan rate policy
   
China denies yuan revaluation claim
   
CNOOC's Unocal bid may ease yuan pressure
   
Fixed yuan 'legitimate choice': WB director
   
Yuan to remain stable in short term: economist
   
Yuan reform 'up to China' : ASEM Finance Ministers' Meeting
   
Wen: Goal for yuan is a managed float
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Advertisement
         
主站蜘蛛池模板: 亚洲av综合色区无码一区爱av| 四虎影视在线影院4hutv| jizzjizz之xxxx18| 日韩在线视频网| 亚洲黄网站wwwwww| 色综合天天综合网国产成人| 国产精品美女流白浆视频| 一级一黄在线观看视频免费| 曰批全过程免费视频网址| 亚洲精品无码国产| 精彩视频一区二区| 国产女人91精品嗷嗷嗷嗷| 91色资源网在线观看| 御书宅自由小说阅读无弹窗| 久久无码人妻一区二区三区| 欧美熟妇VDEOSLISA18| 冈本视频老版app下载安装进入口| 高潮videossex潮喷另类| 国产精品自产拍在线观看花钱看 | 国产精品冒白浆免费视频| ww在线观视频免费观看| 日本xxx在线| 亚洲av之男人的天堂| 欧美裸体xxxx极品少妇| 全彩acg本子| 色多多网站入口| 国产婷婷一区二区三区| 视频一区精品自拍| 在线播放免费播放av片| 一级毛片看一个| 日本免费一区二区三区高清视频| 亚洲不卡视频在线观看| 武林高贵肥臀胖乳美妇 | 激情综合五月天| 午夜天堂精品久久久久| 视频一区二区三区欧美日韩| 国产欧美久久一区二区| 18禁无遮挡无码国产免费网站| 天天摸天天碰成人免费视频| 三个人躁我一个| 无码av专区丝袜专区|