Retailers May Be Two Years Away From Regaining 2019 Profitability Levels: Moody's
Retailers in Europe and the US could be at least two years away from returning to the sort of profit levels they enjoyed in 2019, a new report by Moody's has found.
The report, Pandemic is forcing retail to accelerate its transformation, found that many retailers have 'scrambled to adapt' as margin pressures have escalated, with even the supermarket sector not immune to a drop in operating margin.
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