Aug. 18 - With the exception of a few standout subcategories - discounters, some fast-food places, and auto supply shops
restaurants and retail stores are among the businesses most devastated by the global recession. In the past year, Standard & Poor's changed its ratings on more than 70% of the retailers it analyzes. Even as consumers look for an end to the economic crisis, these companies struggle to get customers in the door. Jerry Hirschberg, senior director in retail and restaurants, explains what the future could hold for the sector.
