Moody's: Rapidly growing online sales unlikely to boost European retailers' credit quality in 2017-18
Announcement: Moody's: Rapidly growing online sales unlikely to boost European retailers' credit quality in 2017-18. Global Credit Research- 25 May 2017. London, 25 May 2017-- European retailers' overall credit quality will remain static into 2018 despite strong online sales growth, as profitability is unlikely to improve with retail sales set to grow on a par with GDP and retail sector margins staying broadly stable, says Moody's Investors Service in a report published today.
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