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January’s Spending Data Has Good News for Apparel and Footwear

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

After falling for three straight months, personal consumption expenditures (PCE) for clothing and footwear increased a seasonally adjusted 8 percent in January to $443.41 billion, according to estimates released Friday by the U.S. Bureau of Economic Analysis (BEA). The increase reflected the January retail sales report from earlier in the month in which the U.S….

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