Retailers expected to focus on expansion plans this year

01/12/2010 | Bloomberg

Executives at Arcadia Group, Financo and other industry insiders say retailers will strive to gain customers this year by adding brands and entering new markets. "Everyone is looking for some type of brand," said Philip Green, owner of Topshop's Arcadia Group. "Running a one-brand business is not the place to be." Gilbert Harrison, chairman and CEO of Financo, said American companies will look to China, Japan, India and other foreign nations for more growth.

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