Infosys, Cognizant, TCS and Wipro service — may see business from the US retailers fall by 50% or more this year. Some of the big retailers in the US like Neiman Marcus, J Crew, JC Penney have shut stores and has filed bankruptcy or contemplating it. This could blow away their investment on IT software and services — billing, data management, app testing and management — they use. The overall IT budgets in the segment may drop 50-75% over the next three to four months.

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