Prospects for U.S. retailers are brightening, according to Moody’s Investors Service, which raised its outlook for the sector to positive for the first time since 2015.
“For the first time since July 2015, we are raising our outlook to positive from stable for the U.S. retail industry,” analysts wrote. “This marks a big change from just a year ago, when swaths of the retail industry were still slogging through a rising tide of distressed names and defaults.”. . . more