Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

US Clothing and Footwear Spending Slipped in June for First Time in Four Months

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Consumer spending for clothing and footwear dipped 0.25 percent to $409.9 million in June, breaking a string of three straight monthly increases, the U.S. Bureau of Economic Analysis (BEA) reported Tuesday. The drop off was reflective of a 1.6 percent year-over-year decline in clothing and accessories stores in June, as reported by the Commerce Department,…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!