Moody's: Retailers' holiday results show highly-promotional environment with online growth
New York, January 31, 2017-- The holiday results announced by US retailers so far demonstrate that a heavy promotional environment has resulted in soft overall performance, says Moody's Investors Service in a new published report. Additionally, online sales continue to dominate growth this season, with Target's 30%+ year-over-year growth rate thus far leading the pack among brick-and-mortar retailers. "Retailers' preliminary results thus far largely confirm our theses that...
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