Consumer spending news and archive

Demand for fast-fashion in the US continues to grow

Despite growing concerns surrounding climate change and overconsumption, demand and expenditure for fast fashion in the US continue to gain traction. One of the largest markets in the world for both fast fashion and luxury, consumer expenditure on fast fashion grew 2 percent compared to the same period last year, according to new data from...

Business

How will inflation affect consumer spending?

The multi-million dollar word on every retailer’s lips right now is inflation. Despite the Inflation Reduction Act passing through the House and the Senate, and signed by President Biden, inflation is still poised as an issue for the state of the economy. CNBC recently reported that 70 percent of Americans are looking for extra work to combat...

BusinessFeatured

Outlook: EU and US apparel consumption could fall by 300 billion US dollars in 2020

Most European countries and the United States have been in lockdown since mid-March due to the Covid 19 pandemic, and brick and mortar stores have been closed accordingly. Although online retail continues, it is proving difficult due to falling consumer spending, transport issues and disruptions of the supply chain. A forecast by Indian...