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November Dip Continued Rocky Ride for Clothing and Footwear Spending

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Consumer spending on clothing and footwear dipped 0.3 percent in November from the previous month, continuing an up-and-down cycle in the sector, the U.S. Bureau of Economic Analysis (BEA) revealed Friday in its monthly report. This followed an uptick in October that came after two straight months of declines in spending in the category. It…

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