The U.S. retail industry next year is poised for continued growth in sales (4.5% to 5.5%) and operating profits (5% to 6%), thanks to a strong economy plus retailers' investments in e-commerce and the shopping experience in their stores, according to a report from Moody's Investors Service emailed to Retail Dive.
Six of 13 retail sectors studied by Moody's analysts will outperform the broader industry. Drugstores, specialty retailers and supermarkets will see performance improve; Amazon U.S. (not including its cloud services) "will continue to grow;" and home improvement, off-price and dollar stores "will continue to perform well," according to the report. Even department store "losses will begin to taper," Moody's said.. . . more