Word: shakeout
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Dates: during 1970-1979
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...textile men believe that the great denim shakeout has now "bottomed out" and that better days are ahead. But the market is no longer growing by 17% to 18% a year, as it was in the mid-1970s, and has slowed to a 2% to 3% pace. Levi Strauss, the biggest U.S. blue jeans maker, showed a sales drop in its Jeans-wear Division in the second quarter, to $138 million from $173 million last year...