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

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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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