Clothing and Footwear Spending Spiked in June on Heels of Retail Restarts

Consumers seem to be opening up their wallets as retailers open up their stores. As retail re-openings increased, consumer spending on clothing and footwear rose a seasonally adjusted 29.57 percent to $411.37 billion in June, compared to $317.48 billion in May, the U.S. Bureau of Economic Analysis (BEA) revealed Friday in its Personal Income and…