'Stable' Outlook For European Retail Sector In 2021, Says Moody's
The outlook for the European retail sector in 2021 is 'stable', a new report by Moody's Investors Service has said, with demand recovery set to be balanced by a margin dilutive online surge over the next 12 to 18 months.
The driving forces behind this stable outlook include a recovery in sales volumes and profits – although for many retailers they will remain below 2019 levels – as well as a normalisation of food demand and a more positive economic outlook.
“Our outlook for the retail sector across Europe for next year aligns with our expectations for continued sector sales volume and profit recovery, although they will still stay below 2019 levels,” commented Francesco Bozzano, vice president – senior analyst, at Moody’s Investors Service.
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