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Clothing and Footwear Spending Dipped in December, Capping a Volatile Year

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Consumer spending on clothing and footwear dropped in December for the second straight month after rising in October, the U.S. Bureau of Economic Analysis (BEA) reported on Friday. Personal consumption expenditures (PCE) for the sector fell 0.11 percent in December to $413.01 million compared to $413.45 million in November, after peaking for the year in…

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