William s. "the President and chief operating officer Financo company in Reuters correspondent spoke in New York global luxurious summit in 2010, June 2, Christian louboutin shoes sales, 2010.
Loan: Reuters/Jessica rinaldi
New York (Reuters) - European brewing debt crisis could spread to other countries, such as France and Britain and deeply hurt consumer demand there in the medium term, manolo blahnik short, "pull Nick brand shoe, according to investment banking boutique Financo.
Chief operating officer Financo William "economic difficulties said in Greece, Spain and Portugal could spread to their neighbors.
"Economies in Europe can pass in the next six to 18 months I think will be dramatic choo shoes." Jimmy, said Wednesday the global Reuters luxurious summit in New York.
”Regarding Europe, I don’t think that story has been told completely yet … there’s going to be a real customer revolt and lack of consumption in those countries,” he said.
Susman has worked with names ranging from high-end retailer Bergdorf Goodman and discounter Wal-Mart Stores Inc (WMT.N) to consumer goods exporter Li & Fung (0494.HK).
In the shorter term,manolo blahnik shoes online, the start of the World Cup soccer tournament next month could give European shoppers an easy way to opt out of spending, he said. Comparable store sales could well take an extra hit in July and part of August,manolo blahnik wedding shoes online, he said.
”People are going to watch TV and it will change patterns. And I think for Europe particularly,2010 cheap christian louboutin shoes, people, if they are feeling a little poorer, may stay home and watch soccer (rather) than shop,ysl sale,” he said. “That’s a real issue … I do think you will have a pullback in Europe as a reflection of that.”
U.S. retailers will also likely curtail expansion plans for Europe on the weaker economy and a strong U.S. dollar, he said, citing chains such as Abercrombie & Fitch (ANF.N), Brooks Brothers and Polo Ralph Lauren Corp (RL.N).
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