Moody's expects U.S. retailers to continue struggling in 2012, thanks to both weak consumer...

|By:, SA News Editor

Moody's expects U.S. retailers to continue struggling in 2012, thanks to both weak consumer spending and rising commodity prices. Following earnings misses from SHLD, LOW, and GPS, Moody's expects just 1% operating growth for the sector this year, and a mere 2%-3% growth next year. (consumer confidence)