CANNES, FRANCE-The debt crisis isn't hurting everyone on the continent. IKEA is actually finding some opportunities to increase market share, pointed out Per Wendschlag, a general director at the global retailer. Wendschlag and GlobeSt.com's Ian Ritter spoke on the beach here on a windy day outside the recent MAPIC convention in Cannes.
They also talked about:
- How discount retailers can do well during a recession.
- The difficulty of doing commercial real estate developments in several countries.
- The impact of the construction slowdown on IKEA.
- How the Russian retail market is faring.
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