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Remote-Working Consumers Will Swap Suits for Sweats and Hurt These Three Retailers

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Apparel retailers grappling with severe coronavirus disruption are expected to see earnings plummet this year, and the prospects for 2021 aren’t much better, according to Moody’s Investors Service. And as working from home becomes the new normal, consumers are seen reining in spending on office attire in favor of comfortable clothes, challenging retailers known for…

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