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Does August Clothing, Footwear Spend Hint at Economy on the Brink?

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Consumer spending on clothing and footwear in August fell to its lowest level in six months as the U.S. economy slows, according to estimates released Friday by the Bureau of Economic Analysis (BEA). Last month, personal consumption expenditures (PCE) for clothing and footwear declined 0.7 percent to $409.21 million from $411.94 million in July. This…

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