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Moody’s Lowers Outlook for Apparel and Footwear Sector as Risks Loom for 2020

As domestic and global factors weigh on company performance, Moody’s Investor Services has lowered its outlook for the U.S. apparel and footwear sector to stable from moderate. A slowdown in global economic growth, ongoing trade conflicts, currency woes and sourcing shifts are some of the developments impacting the outlook. “After two strong years, industry operating…

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