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Apparel spending expectations optimistic despite recession concerns: report

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Alvarez & Marsal’s Consumer Sentiment Survey Spring 2023 indicates increased consumer optimism.

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“The U.S. consumer is still punching” and “optimism is back in fashion,” Jonathan Sharp, lead report author and managing director at Alvarez & Marsal, said in a news release about the report. He urged retailers to “make hay while the sun shines,” because attitudes toward a recessionary slowdown remain cautious.

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