TITLE

Moody's: May Outlook Now Negative

PUB. DATE
January 2005
SOURCE
Home Textiles Today;1/17/2005, Vol. 26 Issue 19, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Moody's Investors Service Inc. is holding steady its ratings on May Department Stores debt, however, citing weakening same-stores sales and a sluggish holiday performance, has lowered the retailer's outlook to negative from stable. May stores might well be more challenged than its peers in offering the compelling merchandise and/or shopping experiences necessary to differentiate itself from discounters and from specialty' apparel and home goods retailers. Moody's said the same-store sales shortfall is mostly due to weakness at core May stores.
ACCESSION #
15692749

 

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