U. S. retailers trim Europe plans due to region's debt woes

摘要

A string of big-brand US retailers may curb their UK and European expansion plans, deterred by the region's bleak consumer outlook and nervousness over the unfolding sovereign debt crisis in the euro zone. "With the economic conditions a lot of retailers are asking themselves "whether it's worthwhile to enter the UK (market) given that it's very competitive and saturated," Robert Gregory, research director of consultancy Planet Retail, said.