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July’s Consumer Spending on Clothing, Footwear Follows ‘Up-and-Down’ Cycle

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Consumer spending on clothing and footwear bounced back in July, increasing 0.6 percent to $409.77 million, after falling in June,  according to the Bureau of Economic Analysis’ (BEA) Personal Income and Outlays report released Friday. Reflective of other unsteady economic indicators, personal consumption expenditures (PCE) on clothing and footwear have been in an up-and-down cycle in…

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