By  on February 14, 2020

Although several department stores and apparel specialty chains are fighting for survival, there’s still strength in the retail industry.

That’s the perspective from Moody’s, the ratings and financial services agency, which on Friday issued a forecast for 3.5 percent retail sales growth in the U.S. in 2020. Moody’s cited consumer confidence, wage growth, low unemployment and continued gross domestic product growth for the positive prognosis.

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