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Even With Income Growth, People Spent Less on Clothing and Shoes in July

Today's fast-moving fashion industry demands an agile, consumer-led retail model, but how do you get there? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

Consumer spending on clothing and footwear fell in July after rising in June, following a pattern of up and down swings this year, the Bureau of Economic Analysis (BEA) revealed Friday in its “Personal Income and Outlays” report. Real personal consumption expenditures (PCE) for clothing and footwear declined a seasonally adjusted 1.9 percent in July…

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