E-commerce players, discounters, groceries and mass merchandisers are pacing the retail industry.
Moody’s said international operations for America’s biggest apparel companies will have profits ticking up next year.
As the sector struggles to adapt, a lot of banks are expecting to decrease exposure to retail in the coming years.
The ratings firm said Gap’s outperformance, coupled with prudent financial policies, have things looking up for the retailer.
The Federal Reserve still seems to be on track to raise interest rates later this year.