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Tag: Moodys

Moody’s: Operating income of department stores in 2019 to be down about 20%

Another dismal year for U.S. department stores will accelerate change in 2020. That’s according to a new report from Moody’s Investors Service, which said that despite strength in most other sectors of the retail industry in 2019, department stores lost momentum in 2019, with operating income for the year projected to be down about 20%. …

Moody’s: Operating income of department stores in 2019 to be down about 20%Read More

Moody’s: Operating income of department stores in 2019 to be down about 20%

Another dismal year for U.S. department stores will accelerate change in 2020. That’s according to a new report from Moody’s Investors Service, which said that despite strength in most other sectors of the retail industry in 2019, department stores lost momentum in 2019, with operating income for the year projected to be down about 20%. …

Moody’s: Operating income of department stores in 2019 to be down about 20%Read More

Moody’s Investors Services predicts slower growth for retailers; revises outlook

Intense competition and digital investments are putting pressure on retailers’ profits.  That’s according to a new report from Moody’s Investors Services which has revised its outlook for U.S. retail from positive to stable from positive. The change comes as the industry faces rising pressure due to intense competition in the fight for market share and …

Moody’s Investors Services predicts slower growth for retailers; revises outlookRead More

Retail profits to take a hit from price wars and investments, Moody’s says

Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images Moody’s Investors Service is predicting slower growth ahead for retailers, as price wars and big investments weigh on profits. The debt rating agency cut its operating profit growth …

Retail profits to take a hit from price wars and investments, Moody’s saysRead More