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Consumer Spending Cools Down as Holiday Season Heats Up

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Consumer spending isn’t the only thing slowing down—sales of clothing and accessories are on a downward trend, too. Though U.S. retail sales rose 4.2 percent year-over year, that growth is markedly slower versus the 5.8 percent gain in the comparable 2018 period. And according to data published by the U.S. Census Bureau, overall sales, including…

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