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Apparel, Footwear and Home Goods Sales Fell 6.2 Percent in December

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Indicative of early holiday shopping and the impact of the Omicron surge, consumer spending on clothing and footwear fell a seasonally adjusted 6.2 percent to $476.48 billion in December, the second consecutive monthly decline after three months of increases, the Bureau of Economic Analysis (BEA) revealed Friday in its “Personal Income & Outlays” report. Following…

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