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Curtailed by Covid, November Clothing and Footwear Spending Fell 4.9%

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.

Consumer spending on clothing and footwear fell a seasonally adjusted 4.9 percent in November to $414.27 billion from $435.36 billion in October, the Bureau of Economic Analysis (BEA) reported in its Personal Income & Outlays report. “The November estimate for personal income and outlays was impacted by the response to the spread of COVID-19,” BEA…

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