Slowdown in America’s Retail Sector to Hit Indian IT Firms | Everest Group

BENGALURU: IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said.

Peter Bendor-Samuel, chief executive of Everest Group, said the slowdown at retailers would have “the effect of initially postponing large projects, then it will likely give way to aggressive cost take out programmes”.