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Will Americans Spend Their Stimulus Checks at Retail?

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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