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Moody’s Investors Service raised its outlook on the U.S. retail industry to “positive” on Thursday, citing retailers’ investment in omni-channel strategies and in-store experiences, and rising consumer spending.
“A lot has changed in the U.S retail industry since late 2017, with the industry finally starting to gain traction from investments made over the past couple of years,” said Moody’s, as reported in Reuters.
The agency has raised its prediction for 2018 sales growth to between 4.5 percent and 5.5 percent, from its previous 3.5 percent to 4.5 percent projection. Moody’s is also projecting that holiday sales will grow by between 5 and 6 percent this year.
By Edmund Mander
Director, Editor-In-Chief/SCT
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