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Clothing and Footwear Retail Spending Was Back Up in October

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Following two consecutive months of declines, real personal consumption expenditures (PCE) for clothing and footwear increased 0.7 percent to $405.77 billion in October compared to the previous month, according to estimates released Thursday by the Bureau of Economic Analysis (BEA). Overall real PCE, adjusted for inflation, rose 0.4 percent or $56.55 billion, in the month,…

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