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US Retail Sales Show Consumer Spending ‘Still on the Uptick’

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.

U.S retail sales rose 0.4 percent in June, better than the expected 0.1 percent gain, and representing continued growth over a revised 0.4 percent gain in May. Mickey Chadha, vice president at credit ratings agency Moody’s Investors Service, said the better than expected increase “demonstrates that consumer spending is still on the uptick and the…

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