MILAN — Retailers may be by their very nature optimistic, but most of those speaking at the Altagamma fashion and luxury goods conference here Tuesday had a somber outlook for the second half of 2008 and beyond.
On prerecorded videos played at the event at the Milan Stock Exchange, U.S., European and Japanese executives said business had been bumpy so far this year and forecast at best flat- to midsingle-digit growth for the next six months.
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