Spending on clothes plummets 50%. Here’s what it means for fashion’s future

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Spending on clothes plummets 50%. Here’s what it means for fashion’s future

COVID-19 has kick-started a major transformation in the fashion industry.
This week, the Census Bureau released consumer spending data for the month of March. Anyone could have guessed that lockdown orders around the country would lead to a drop in retail sales, but the extent of the decline was …

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