European Retail Sales Set To Rise By Around 3% Next Year: Moody's
Moody's has noted that European retail sales are set to rise by around 3% next year, on average, with earnings growth of around 3% in 2019 for the retailers that it rates.
For some retailers, growth will be driven by store openings, cost-cutting and post-M&A synergies, it noted, while other retailers will find it challenging to adapt to changing consumer behaviours.
“Sales and earnings growth underpin the overall European retail sector’s stable 2019 outlook, but performance will be uneven across the region, with some retailers struggling to adapt to changing consumer behaviour while others thrive by focusing on value and convenience," commented David Beadle, vice-president – senior credit officer at Moody’s.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!