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

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 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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