European Retail Sector Revenues To Remain 'Anaemic' Into 2020: Moody's
Moody's Investors Service has said that European retail sector revenues are likely to remain 'anaemic' over the next 12 to 18 months, driven by a number of mitigating factors.
The negative outlook will largely be driven by the rise of online and discount shopping; consumer demand for convenience and value; and weaker economic growth throughout the region.
In addition, retailer cash flow and profitability is also likely to weaken in the coming year, as traditional retailers adjust store portfolios in an effort to adapt to the impact on demand of ageing populations, high youth poverty and increased urbanisation.
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!