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Here’s What Happened With Retail Spending on Clothing and Footwear in January

Consumer spending on clothing and footwear fell 2.2 percent in January compared to December to $404.3 billion, according to the monthly Personal Income & Outlays report released Friday by the U.S. Bureau of Economic Analysis (BEA). While that dip is somewhat expected in the post-holiday period, the same pattern did not follow a year earlier,…

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