U.S. consumers to spend less on apparel over next 2 weeks- McKinsey

Based on U.S. survey data collected on March 16 and 17, consumers expect to spend 50 percent less than usual on apparel over the next two weeks, as well as 53 percent less on jewelry, 55 percent less on accessories and 47 percent less on footwear. In fact, the only category consumers expect to spend more on is groceries. 

Still, positive online trends can be expected for home essentials…

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