No Retailers Immune From Sales Downturn: Moody’s

Supermarkets and big-box stores “could fare relatively well” this holiday season, Moody’s Investors Service said yesterday, although no retail segment will be immune from an expected sales downturn.

NEW YORK — Supermarkets and big-box stores “could fare relatively well” this holiday season, Moody’s Investors Service here said yesterday, although no retail segment will be immune from an expected sales downturn. According to Moody’s, the negative outlook for the entire retail segment “has grown even more pessimistic,” with holiday spending likely to be weaker than expected across all segments. In addition to dismal sales, Moody’s said profits could also be affected, “because most retailers

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