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Here’s How Long Coronavirus Could Crush Consumer Spending

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 discretionary spending isn’t expected to recover anytime soon, maybe not even in 2020, and that’s bad news for the retail sector. Fitch Ratings managing director Monica Aggarwal confirmed this notion Thursday, describing “an increased likelihood of a downturn in discretionary spending into 2021” during an S&P webinar on U.S. department stores. Last week, the credit…

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