Indian economy will expand by 7.4% this year, but growth will slow down to 7.3% next year as domestic demand shrinks on higher borrowing cost due to rising interest rates, according to Moody's Investors Service.
As US retail and apparel companies emerge from their worst year since the Great Recession, many will be happy to put 2017 behind as 2018 will be brighter overall, says a new report by Moody's Investors Service.
Off-price retailers will be among the top US retail sector performers over the next 12-18 months, while department stores will struggle as they compete with off-price and online vendors, Moody's said in a new report.
Nike Inc's fight to claw back in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after it reported its weakest quarterly sales growth in nearly seven years.
The owners of shopping tax-refund firm Global Blue have held talks with investment banks over the past two days to choose advisers for a possible share sale next year, sources familiar with the matter told Reuters.
The 4th largest U.S. bank does a lucrative business with store-branded credit cards. But with more stores in jeopardy, analysts say Citigroup will suffer from the growing problems in brick-and-mortar retail.
Secular challenges facing US retailers will negatively affect credit card banks and asset-backed securities (ABS) trusts due to their exposure to the private-label and co-branded credit card accounts, says a report.