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Moody’s Projected a 5% Dip in Department Stores’ Operating Income. The New Outlook is Far Worse.

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

The retail world is not a good place to be, especially for department stores and apparel and footwear retailers. Operating profits for sector aren’t expected to return to pre-COVID-19 levels until 2022 at the earliest, according to credit analysts at ratings firm Moody’s Investors Service. “Our industry outlook remains negative because we still face two…

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