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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (4142)	6/3/1998 11:37:00 AM
From: Snowshoe	Read Replies (1) \| Respond to of 9980

>>we are seeing continual raw materials deflation<< Just read a Yahoo! piece on that. Mentions that nickel (another significant export from my state), is at a 4 1/2 year low... ANALYSIS-Asia shakeout fears chill commodity markets biz.yahoo.com -Greg

To: Bill Ounce who wrote (4142)	6/4/1998 10:02:00 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 9980

U.S. retailers still bullish on Asia usatoday.com U.S. retailers are expanding in Asia, unfazed by the region's financial crisis. [...] The retailers say Asia's current crisis - with its surging unemployment, plunging consumer demand and shrinking economies - is not the start of a long-term decline. Costco CEO Jim Sinegal is so confident about Japan's eventual recovery that the company has future warehouse clubs planned for greater Tokyo and other areas of Japan. [...] nalysts and economists say now is the "best time in seven years" for U.S. retailers to move into Asia because the dollar is stronger against the local currencies. That means U.S. companies will pay less for real estate, materials bought locally and wages than they would have even a year ago. "Companies want to buy low and invest for the long haul," economist Mark Vitner of First Union says. Retailers doing that: Starbucks. The specialty coffee firm is in deals to put stores in Malaysia, Thailand and South Korea this year. "We plan to be in every urban Asian market in the next five years," says Soon Beng Yeap, spokesman for Starbucks' international business. It already has 36 stores in Japan, Singapore, Philippines and Taiwan. Gap. The casual apparel retailer's sole Asian market is Japan. It plans 14 more stores this year to raise its total to 30. Toys R Us. The leading toy retailer has 12 stores on deck this year for Japan alone, its largest business outside the USA, to expand that market to 76 stores. It has 23 others in Hong Kong, Indonesia, Malaysia, Singapore and Taiwan. By Lorrie Grant, USA TODAY