Richard Lowe

A report by Barclays says that Germany figures as its favorite site for overseas expansion, beating China and Australia. Also, two-thirds of British retailers expect their overseas sales to increase in the coming five years. Richard Lowe, head of retail and wholesale at Barclays, said that most British retailers favor Germany because the climate is much similar to Britain, so money or energy need not be spent on reinventing designs. Another possibility also cannot be discarded, that in the recessionary environment the German economy is doing comparatively better.