What is schmutter?

The East Eng rag trade in the 1950s
schmutter [ˈʃmʌtə] noun
(Clothing & Fashion) Slang cloth or clothing
[from Yiddish schmatte rag, from Polish szmata] Source

I have always envied Zoe three things: her figure, her taste and her eye for a good bit of schmutter
Jessica Hynes, Telegraph Magazine, January 26, 2013

And I have always had a soft-spot for Yiddish words in English - Schmutter (or Schmatter) sounds great, especially in the wonderful example given by Aldo ShattuckGalliano's career in schmatters ended in tatters