INDIA: Unsold Exports Flood Domestic Market
Discount retail chains such as Big Bazaar are reported to be sourcing 30-40 per cent of their apparel requirements from accumulating export stocks and selling them at a fraction of the original price - albeit minus the brand labels and hang-tags.
Turning to the domestic market is a last resort for exporters desperate to ease credit losses on downsized orders.
Companies: Pantaloon Retail (India) Limited
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