(Bloomberg) -- India's biggest retailers are adding
stores to lure people whose incomes are rising in the world's
second-fastest growing major economy. They're also luring
investors.
Retailers' shares, which lagged behind the broader market
in 2006, are rallying. Tata Group-owned Trent Ltd., which runs
fashion and cosmetics stores, has climbed 15 percent from an
eight-month low in March. Shoppers' Stop Ltd., which sells
clothing, accessories and home decor items, in April had its
biggest monthly gain since September.
Read more at Bloomberg Stocks News
stores to lure people whose incomes are rising in the world's
second-fastest growing major economy. They're also luring
investors.
Retailers' shares, which lagged behind the broader market
in 2006, are rallying. Tata Group-owned Trent Ltd., which runs
fashion and cosmetics stores, has climbed 15 percent from an
eight-month low in March. Shoppers' Stop Ltd., which sells
clothing, accessories and home decor items, in April had its
biggest monthly gain since September.
Read more at Bloomberg Stocks News
No comments:
Post a Comment