Sluggish Apparel and Footwear Sectors Continue to Lag Overall Consumer Spending

Print Friendly, PDF & Email

Consumer spending on apparel and footwear increased by 1.6% in July, according to revised figures released Friday by the U.S. Bureau of Economic Analysis. This is the smallest increase in the combined category in the past 14 months.

Spending growth on apparel lagged far behind total consumer spending on goods and services, which grew by 4.5% on a 12-month smoothed basis.

Although consumption of apparel alone edged up by 1.8%, its best showing in six months, footwear spending slowed dramatically, to an increase of only 1.3%, after spending many months at growth levels between 3 percent and 4 percent.


Recent News

Trump Sued by Patagonia, Coalition Over National Monuments Proclamation

Patagonia has joined in with a broad coalition to sue the Trump administration aiming to strike down what they claim is the President’s “extreme overreach of authority” in revoking the Bears Ears National Monument.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Ethical Fashion Show Berlin, Greenshowroom Partner with FashionTech, FashionSustain to Create a “Green Hub”

Ethical Fashion Show Berlin and Greenshowroom expand to create a "green hub," welcoming a robust slate of resources and conferences in its new home in Kraftwerk Berlin.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Japanese Firms Look to Blockchain to Improve Cross-Border Trade

A consortium of Japanese Businesses involved in global trade have teamed up to start a demonstration test this month to verify the applicability of blockchain technology as a way to streamline and upgrade cross-border trade operations.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Westfield Malls Acquired in $16B Deal

Unibail-Rodamco, the leading commercial property company in Europe, has entered into an agreement to acquire Westfield Corp., the 12th largest U.S. retail property owner, for an estimated $15.8 billion.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more