Retail & Apparel - US
2021 Outlook changed to stable in the fourth-quarter 2020 as the worst of the initial pandemic fallout started to ease
Podcast - Outlooks Connections Episode 4
Shifting consumer behavior spurs upheaval in US retail and threatens US shopping malls
Analysts Mickey Chadha and Kevin Fagan discuss the outlook for US retail and the credit conditions for the US commercial mortgage-backed securities market in 2021. They outline how the coronavirus pandemic is rapidly accelerating digitization, which is increasingly dividing retailers into digital-haves and have-nots, reshaping mall design and determining which retail tenants are attractive to the market.
Discretionary retailers will lead US industry profit growth in 2021
US retail operating profit will grow about 20% in 2021, with growth most pronounced in hard-hit discretionary sectors. Our outlook is now stable based upon this stronger-growth trajectory, but downside risks remain high due to uncertainties related to economic growth and the trajectory of new coronavirus cases.
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