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March 06, 2008
Specialty Apparel Sales Slow In February
Sales at specialty apparel stores slowed in February with growth of just 1.9%, according to data from MasterCard. This compares to a 5.4% increase in sales for January.
Consumers are cutting back on their spending amid rising prices for gasoline and other staples, the credit card company said.
Luxury apparel sales slid even further in February, dropping 2.2% to $3.5billion, according to MasterCard.
Posted by Blacks on March 6, 2008 10:02 AM
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