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The paid-for research stated that due to a weakened economy and higher unemployment rates, lackluster discretionary income growth could cause irritability in the apparel and accessories demand. Accessories and differentiated fashion continue to outperform the category, but at a slower pace. Strong luxury brands are estimated to rebound extending throughout 2011, reflecting core luxury shoppers. According to NPD consumer estimated data, first-quarter 2011 apparel sales declined 1.6%. According to the U.S. Department of Commerce, sales at clothing and accessories stores rose 4.1% year to year in the 2011 first quarter.
Global Equity Reporter brings Auri, Inc. to light as it is engaged in designing and marketing of Auri-branded footwear for men and women. Its men's line consists of both causal/sport shoes and fashion/dress shoes and a range of sandals, while its women's line consists of an assortment of high-heel designs and flats. Its footwear is crafted with full grain and Italian leathers and hand burnished finishes.
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