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

Why August’s Consumer Spending on Clothing, Footwear Slumped Again

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Consumer spending on clothing and footwear declined for the second consecutive month in August, falling 0.58 percent to $396.36 billion, as the economic effects of the coronavirus pandemic continued to take its toll, according to estimates released Thursday in the Personal Income & Outlays data from the U.S. Bureau of Economic Analysis (BEA). This followed…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands