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Moody's: No letup in sight to off-price growth
Off-price retailers will remain among the top performers in the U.S. retail industry during the next 12 to 18 months. That's according to a new report from Moody's Investors Service. The outlook is not as positive for department stores, which will continue to struggle as they seek to level the playing field with both off-price and online vendors. -
This private equity giant is sticking with retail
At a time when most private equity firms are growing increasingly cautious about investing in retail, one firm is going against the grain. Sycamore Partners is raising its biggest-ever fund, which it will use to invest primarily in retail, CNBC reported. The firm is looking to raise between $3 billion and $4 billion, according to the report. The news comes a month after Sycamore closed on its $6.9 billion acquisition of Staples, which it is splitting into three parts.