Latest offering from the US ratings agency
- outlook remains positive on improved operating efficiencies
Says Mickey Chadha, a Moody's Vice President - Senior Analyst.
"The US retail industry will see steady growth through 2016 amid improved operating efficiencies, despite still-cautious consumer spending, says Moody's Investors Service. The rating agency's outlook on the industry remains positive.
Moody's expects the industry's operating income to grow 5%-6% this year and in 2016.
"Operating income growth will be driven mainly by continued strong performance at key companies in the home improvement, auto parts retailers and supermarket sectors, as well as specialty retail, off price retailers and department store sectors,"
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