Epstein Secrets

growth in retail spending. First Data indicated Black Friday/Thanksgiving retail sales grew 9.3% YoY,

3 January 2018 HY Corporate Credit HY Multi Sector.Media, Cable & Satellite Retail, Consumer and Food Outlook McKinney, Geoffrey, (+1) 212 250-4914, [email protected] Retail: Challenges pers

epresented 29% of sales dollars over the two day Black Friday/Thanksgiving period, up from 25% last yea

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Online holiday shopping expected to grow I-V:4) Yoy In aggregate, online holiday spending is expected to increase 14% YoY

and- mortar retail stores on Thanksgiving Day and Black Friday declined a combined 1.6% when compared to

3January 2018 HY Corporate Credit HY Multi Sector,Media. Cable & Satellite '-Figure 11: Online sales growth for Apparel & Accessories accelerated in November tatccy Nov-16 Da3.16 Latin Fe6-17 •

moro' AS Riboethemlemeaell, Micsoot Rosette MSC Black Friday/Thanksgiving retail sales tip 92% YoY; onl

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Two less pronounced themes to this point include margin risk and debt reduction. In light of intense competition amongst