Despite Uptick in Holiday Sales, Don’t Expect Retail Bankruptcies to Subside

Despite Uptick in Holiday Sales, Don’t Expect Retail Bankruptcies to Subside

Despite an uptick in retail sales during the 2019 holiday shopping season, don’t expect the financial pressure on troubled retailers to subside in 2020, according to retail analysts at credit rating agency Moody’s Investors Service. “Between Black Friday and Christmas, it has been a large ongoing sale,” said Raya Sokolyanska, a vice president and retail…

Source: Ad Week – AD & Brand News