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Consumer Spending on Clothing and Footwear Backed Off in October

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.

After rising for two consecutive months, consumer spending on clothing and footwear fell 0.67 percent to $441.77 million in October, according to the Personal Consumption & Expenditures (PCE) report released Wednesday by the U.S. Bureau of Economic Analysis (BEA). The decline follows the retail sales report from the U.S. Census Bureau and the National Retail…

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