Retailers aim at cost-cutting amid slowdown

In this time of slowdown, one segment which is turning highly cautious is the retail industry with companies looking inwards to cut costs, to survive and maintain profit margins. While Indian retailers like the Future Group and Reliance may want consumers to splurge in their stores, actually they themselves are cutting costs in a big way as they realise that the operating expenses are sky rocketing but earnings are not matching, in a cut throat system.