Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Sluggish Apparel and Footwear Sectors Continue to Lag Overall Consumer Spending

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Consumer spending on apparel and footwear increased by 1.6% in July, according to revised figures released Friday by the U.S. Bureau of Economic Analysis. This is the smallest increase in the combined category in the past 14 months.

Spending growth on apparel lagged far behind total consumer spending on goods and services, which grew by 4.5% on a 12-month smoothed basis.

Although consumption of apparel alone edged up by 1.8%, its best showing in six months, footwear spending slowed dramatically, to an increase of only 1.3%, after spending many months at growth levels between 3 percent and 4 percent.

Related Articles

More from our brands

Access exclusive content Become a Member Today!