spending news and archive

How Gen Z consumers shop

The Coronavirus has changed the way consumers shop. Given the various lockdowns throughout the last year, the fashion retail landscape has shifted to consumers purchasing more products online. Generation Z, those born between 1995-2010, have a significant buying impact and, according to new reports, have a spending power of 140 billion dollars...

Retail

US consumers continue to spend on home, lifestyle, and retail in 2021

During the first six weeks of 2021, and aided by the government economic stimulus payments, US consumers continued to spend on categories that make their stay-at-home lifestyle more comfortable, according to a report from market research company NPD Group. To date, every week in 2021 has posted double-digit growth in terms of discretionary...

RetailFeatured

New study reveals how much each state spends on clothing

The state spending the most money on clothing is not the one you would guess. While New Yorkers spent on average 764 dollars on clothing per person in 2018, those in West Virginia beat out all other states with a per-person expenditure of 2,735 dollars. Menswear accessories brand JJ Suspenders recently analyzed data from the 2012 U.S. Economic...

Fashion

China leads global tourism spending

According to industry predictions, Chinese consumers will account for more than 30 percent of all luxury purchases worldwide in 2014 and even 50 percent by 2020. Many of those purchases are made abroad while on a pleasure or business trip as Chinese consumers are the world’s top tourism spenders according to the “Digital IQ Index - Luxury China...