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Coresight Bites: US Apparel Spending Declines Deepen

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Coresight Research
  • The Coresight Research US Apparel and Beauty Spending Tracker provides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear. The data are sourced from the US Bureau of Economic Analysis (BEA).
  • Consumer spending on clothing and footwear saw a deep year-over-year decline of in December 2020. The trend may reflect early shopping ahead of the final holiday peak and renewed stay-at-home orders that were issued in early December in the US.

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