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Spending on Clothing and Footwear Bounces Back in March

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

As the spring selling season picked up and more full-price selling ensued, consumer spending on clothing and footwear increased. According to the U.S. Bureau of Economic Analysis (BEA) report on Monday, spending on clothing and footwear ticked up a seasonally adjusted 3.3 percent in March to $421.58 million compared to the previous month. This was…

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