Analysts have revised down expected growth for the US apparel and footwear industry due to the extreme weather the country suffered at the beginning of this year and the high price of cotton.

Consultancy Moody’s had previously pegged growth in 2015 at 7% to 9%, but now says it is more likely to be between 4% and 6%. This is still a quicker rate than in 2013, when the industry's revenues grew 3%.

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