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Here’s What Happened With Retail Spending on Clothing and Footwear in January

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

Consumer spending on clothing and footwear fell 2.2 percent in January compared to December to $404.3 billion, according to the monthly Personal Income & Outlays report released Friday by the U.S. Bureau of Economic Analysis (BEA). While that dip is somewhat expected in the post-holiday period, the same pattern did not follow a year earlier,…

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