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Even With Income Growth, People Spent Less on Clothing and Shoes in July

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Consumer spending on clothing and footwear fell in July after rising in June, following a pattern of up and down swings this year, the Bureau of Economic Analysis (BEA) revealed Friday in its “Personal Income and Outlays” report. Real personal consumption expenditures (PCE) for clothing and footwear declined a seasonally adjusted 1.9 percent in July…

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