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Shutdown Fever: Spending on Clothing, Footwear Fell 30% in April

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

With extremely high unemployment and retail shutdowns across the country brought on by the COVID-19 crisis, consumer spending on clothing and footwear plummeted 30 percent in April to $213.44 billion, the Bureau of Economic Analysis (BEA) reported Friday. The findings mark the second straight month of dramatic declines in personal consumption expenditures (PCE) for the…

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