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SHOPPERS CHECK RECESSION SALES AT SHOE STORE IN SINGAPORE, 1999-01-19 (photo)

IMAGE number
REU8240351
Image title
SHOPPERS CHECK RECESSION SALES AT SHOE STORE IN SINGAPORE, 1999-01-19 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-01-19
Image description

Shoppers select shoes at a "Recession Sale" at a downtown department store in Singapore January 19. In the midst of the economic gloom, the store owner had decided to turn the situation around by offering designer and casual wear shoes at discounted sale price from US$5.90 to US$17.80. The "Recession Sale" started two weeks ago and will remain till recovery time, the store owner added. In a special Hari Raya Aidilfitri message, Singapore's Community Development Minister and Minister-in-charge of Muslims Affairs, Abdullah Tarmugi said: "How long this economic situation will last will very much depend on the external factor and our own efforts.This is a reality that we have to face. We must have the confidence that we are capable of turning the present situation around. WS/CC

Photo credit
REUTERS / Bridgeman Images
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