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

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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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