Fashion to suffer as US retail spend drops 5% in 2020

A new study from GlobalData predicts that U.S. retail spending will see one of the steepest slumps of any country in 2020, experiencing a decrease of $200 billion versus 2019. Only 10 other major markets are forecast to see deeper declines. Different sectors will have markedly different fates, though, with food, grocery and health retailers seeing sales increase as consumers move to stockpile …

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