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Why August’s Consumer Spending on Clothing, Footwear Slumped Again

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.

Consumer spending on clothing and footwear declined for the second consecutive month in August, falling 0.58 percent to $396.36 billion, as the economic effects of the coronavirus pandemic continued to take its toll, according to estimates released Thursday in the Personal Income & Outlays data from the U.S. Bureau of Economic Analysis (BEA). This followed…

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