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Will Americans Spend Their Stimulus Checks at Retail?

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Retailers are hoping Americans will spend their stimulus checks, but a new survey suggests they will bank some of it in their savings accounts instead. Eighty percent of U.S. recipients said they plan to save the money, at 48 percent, or pay off their debts, at 32 percent, according to Refinitiv research. Fifteen percent, or…

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