Traditional Retailers Facing 'Hostile' Operating Conditions, Says Moody's
Traditional retailers are facing increasingly hostile operating conditions, ratings agency Moody’s has announced, with profitability likely to be under pressure at some of the high street’s biggest names.
Moody’s has lowered its outlook on the European retail industry to negative from stable, it noted.
“The profitability of many traditional retailers is under pressure, as they reduce prices to limit sales volume declines,” said David Beadle, VP, senior credit officer, at Moody’s Investors Service.
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