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Despite the worldwide economic recession and the laid-back attitude of the American wine consumers, there was an increase in the shipment of California sparkling wine in 2009. As announced by the Wine Institute, California vintners witnessed an increase in shipments in the time of financial meltdown pervious year, registering a 0.2% growth in the US wine market sales- 467.7 Million Gallons, as per the news published by examiner . California   ... Read more
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UK – Online Retail Sales Commenced 2009 on a High Note
27 Feb, 2009
In wake of wider choice and price-transparency available on the Internet, UK’s online retail sales are forecasted to grow at the rate of 15% per month throughout 2009. According to the IMRG Capgemini e-retail sales index, online spending in the UK rose 19% in January 2009 on YOY basis, as ...Read more

Unexpected Rise in Sales Brings Relief to the US Retailers
27 Feb, 2009
Post-holiday discounts and offers led the US retail sales to record unexpected increase of nearly 1% in January 2009. According to the statement given by the Commerce Department, the US retail sales recorded an unexpected 1% increase in January 2009, as reported by BBC . Retail sales upsurge in ...Read more

UK Online Retail Sales Outperformed Other Modes in December 2008
24 Feb, 2009
Online retail sales in the UK outperformed other modes of shopping as people are increasingly finding it an easier way to save money and utilizing online discounts during economic crisis. An online retail industry body IMRG along with consultants Capgemini said that the UK online spending ...Read more

Tensions Not Easing For US Retailers, Gloomy 2009 Forecast
23 Feb, 2009
The US retail sector is likely to observe 0.5% fall in sales in the current year due to reduced consumer spending hit by adverse job prospects. According to the National Retail Federation (NRF) forecast, the US retail sales (excluding automobiles, gas stations and restaurants) are likely to ...Read more

Japan Retail Sales falls to Four Year Low
23 Feb, 2009
Retail sales in Japan declined to the lowest level in four years, as the uncertainty over jobs is hitting consumer confidence and compelling them to reduce expenses. As per the statement given by the Trade Ministry, Japanese retail sales registered the highest decline in about four years in the ...Read more

Heavy Discounts Improve Retail Sales in UK
20 Feb, 2009
High demand due to New Year, heavy discounts and better performance by food retail sales boosted the overall retail sales in the UK during January 2009. The UK retail industry reported improvement in sales during January 2009, said the British Retail Consortium (BRC), as reported by BBC . The ...Read more

Indian Gold Import Melting with Global Economic Turmoil
19 Feb, 2009
Gold import in India plummeted sharply during December 2008 due to falling demand in the domestic as well as international market with the onset of economic slowdown. Bombay Bullion Association (BBA) said that the gold import in India declined significantly in the month of December 2008 due to ...Read more

Chinese Retail Sales rose 21.6% in 2008
17 Feb, 2009
Chinese retail sales rose by 21.6% in 2008, mainly due to the increased domestic demand, induced by various initiatives taken by the Chinese government. The National Bureau of Statistics (NBS) stated that China’s retail sales escalated 21.6% to reach 10.849 Trillion Yuan in 2008. In 2007, ...Read more

Japan - Department Store Sales Fell Sharpest in 10 Years
13 Feb, 2009
In December 2008, low consumer confidence as a result of financial recession pushed the sales at department stores in Japan to 10-year steepest fall. According to the Japan Department Stores Association, department store sales in Japan declined to JPY 794.7 Billion ($8.76 Billion) in December ...Read more

Polish Retail Sales Outshined Forecast
13 Feb, 2009
Increased sales during the holiday season, revival of car sales and aggressive promotional campaigns led the Polish retail sales to rise above expectations in December 2008. Beating the previous forecasts, Polish retail sales increased significantly as the stores received large number of consumers ...Read more

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