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Clothing and Footwear Spending Sank 28.2% in March

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As the coronavirus pandemic’s economic effects took hold, consumer spending on clothing and footwear fell a seasonally adjusted 28.2 percent in March to $2.91 billion from $4.06 billion in February, the Bureau of Economic Analysis (BEA) reported Thursday. Compared to March 2019, spending was down 28 percent from $4.04 billion, according to BEA data. Overall…

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