Thursday, January 16, 2020

Moody’s: Operating income of department stores in 2019 to be down about 20%

Chain Store Age
Another dismal year for U.S. department stores will accelerate change in 2020.

That’s according to a new report from Moody's Investors Service, which said that despite strength in most other sectors of the retail industry in 2019, department stores lost momentum in 2019, with operating income for the year projected to be down about 20%.. . . more

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