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Are Consumers ‘Willing to Spend’ on Apparel and Footwear?

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If there were any doubts that a major U.S. economic recovery and retail apparel and footwear rebound was in the works, a look at the March personal consumption expenditures (PCE) data released Friday by the Bureau of Economic Analysis (BEA) surfaced evidence to dispel them. Consumer spending in clothing and footwear jumped a seasonally adjusted…

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