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Shopping for clothes losing its allure, claims report

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October 28, 2019

Consumers aren't too happy about clothes-shopping, as they own so many already and the ever-lower prices aren’t helping to spur buying. In simple terms: Happiness in clothing purchases has peaked. And the only way things may change is if clothing gets more expensive, according to a CNBC report, citing insight from a Morgan Stanley analyst.

The apparel market has "hit a ceiling" stated a note from analyst, Geoff Ruddell, according to the report.