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Mud Jeans collapses under debt — and the ‘K-shaped’ consumer split may be closing

Mud Jeans has filed for bankruptcy and paused new orders, highlighting risks in circular-fashion financing. At the same time, economists report spending across most income groups is converging — a potential end to the pronounced ‘K-shaped’ split. Other signals: Brooks’ growth, mixed results at Tapestry and a novelty 3D-printed sneaker from Best Buy.

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