More bad news for department store sector — from Moody’s | Chain Store Age

Tom Smith Uncategorized

A less than stellar holiday season for U.S. department stores has led Moody’s Investors Service to revise its forecasts downward for the sector’s operating income.   In its new report, the rating agency said it now expects 2016 aggregate operating income to decline 18%, rather than 11%, and for sales to also decline in the year ahead.

Source: More bad news for department store sector — from Moody’s | Chain Store Age