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

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

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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