Retailers and restaurants in the United States won’t get any relief in 2017 in the battle to win customers.
That’s according to Fitch Ratings’ Outlook report, which says that retailers will continue to face a competitive environment in 2017 as they navigate changing customer preferences.
Fitch projects U.S. retail sales, excluding automobiles and gasoline, will grow 3% to 4% in 2017, which is in line with the 3.8% forecasted for 2016 due to a generally consistent economic backdrop.
