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

February Spending on Clothing and Shoes Slid After January Gains

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 clothing and footwear fell back again in February after a significant rise in January, according to estimates released Friday by the U.S. Bureau of Economic Analysis (BEA). Personal consumption expenditures (PCE) for clothing and footwear declined a seasonally adjusted 4.9 percent to $419.06 billion last month compared to January’s $440.79 billion spend….

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

Access exclusive content Become a Member Today!