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Consumer Spending on Apparel Slips as Stimulus Funds Slow

Today's fast-moving fashion industry demands an agile, consumer-led retail model, but how do you get there? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

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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