Retailers Scour Foreign Markets

In an attempt to blunt the recession in the domestic market, U.S. retailers are now looking overseas for their growth catalysts. In an interview with CNBC, Hana Ben-Shabat, a partner with the global management-consulting firm A.T. Kearney, said, “The recession has been a very big driver of that. The majority of the retail sector in the U.S. has a very low growth rate compared with what you get in emerging markets.” She also added, “If you want to maintain a certain level of sales and year over year growth, you’ve got to look into other markets.”