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Clothing, Home Goods Spending Softened in March

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, footwear and home goods all fell for the third straight month in March, the U.S. Bureau of Economic Analysis (BEA) revealed Friday in its Personal Income and Outlays report. Clothing and footwear spending dipped slightly to $492.46 billion in the month compared to $492.53 billion laid out in February, while spending…

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