
Luxury retailers' earnings growth could double in 2017, but won't return to double-digit levels soon, according to a report by Moody’s Investors Service published on Wednesday.
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Luxury retailers' earnings growth could double in 2017, but won't return to double-digit levels soon, according to a report by Moody’s Investors Service published on Wednesday.
Coach Inc’s US$2.4bn purchase of smaller label Kate Spade & Co, backed by up to US$2.1bn in bank loans, shows that US retailers are opening their purses to buy rivals to boost profits, bankers and analysts said.
Private equity firm Blackstone Group LP's credit arm, is acquiring more of J. Crew Group's debt, hoping for a profitable trade that could also give the fashion retailer more time to stave off bankruptcy, sources said.
After a very challenging 2016, US apparel and footwear industry operating profits are poised to improve over the next 12-18 months, but growth will be more sluggish than originally anticipated.
A new report by Moody's reveals that the number of distressed U.S. retailers has more than tripled since the Great Recession of 2008-2009.
U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Demonetisation of high currency notes in India is likely to boost tax revenues and result into faster fiscal consolidation in the long term, according to a recent report.
A new report from Moody's Investors Service says that although online retailer Amazon’s 3rd quarter numbers were disappointing for the market, the company is heading in the right direction.
Heavy discounts on debt issued by some big UK retailers reflect growing commercial pressure after Britain's vote to leave the EU and ahead of the crucial Christmas trading period.