Retailers Stare Into the Darkness, But It Keeps Getting Darker
- Credit Suisse cuts the group as outlook gets increasingly bad
- Risks of border adjustment tax are weighing on retail sector
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It’s hard out there for retailers -- and it doesn’t look like they’ll be catching a break anytime soon.
Researchers from Credit Suisse Group AG downgraded the retail sector Tuesday, saying the outlook’s become bleaker than they’d thought it would in large part because of what’s been happening in Washington.