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Consumer Spending on Apparel Slips as Stimulus Funds Slow

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

Consumer spending on clothing and footwear fell a seasonally adjusted 3.6 percent in April to $464.46 billion from $481.79 billion the prior month, continuing a wobbly pattern of gains and losses over the last six months. According to the U.S. Bureau of Economic Analysis (BEA), overall personal consumption expenditures (PCE) increased 0.5 percent, or $80.3…

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