Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

US Clothing Retail Sales Declined 12 Percent in December

Holiday shoppers in New York | Source: Shutterstock

The drop, which also includes sales of accessories and shoes, was reported Friday by the Commerce Department. Overall retail purchases at stores, restaurants on online retailers declined for the third month in a row, down 0.7 percent in December.

Data from the National Retail Federation, which does not include restaurants or gasoline and auto sales, showed holiday sales actually grew 8.3 percent year-over-year, with home improvement stores and online retailers driving growth, while apparel chain and department store sales declined. 

There are other negative indications showing a slowing US economy this winter. Employers cut 14,000 jobs in December, marking the first decline since the pandemic hit last spring. 

But research firm NPD Group, whose data is focused on sales of apparel and personal-care products at multi-brand retailers, reported that sales (including e-commerce) increased 27 percent in the week ending January 9, the largest increase since the start of the pandemic.

In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Chronicle the ‘Retail Apocalypse’ and emerging retail models, including DTC brands.

Promising Signs for Macy’s Turnaround

Sales fell in the retailer’s first quarter, but were up at 50 stores where new ideas are being tested. CEO Tony Spring tells BoF he’s just getting started.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.