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US Apparel Sales Stagnated in October as Overall Spending Slowed

Lower-income households began pulling back on travel and clothing expenses.
A fashion retail worker on the shop floor.
Top income earners spent more on clothing as ‍well as on airline travel and stays at hotels. (Pexels)

US retail sales were unexpectedly flat in October, though consumer spending appears to have remained on a solid footing at the start of the fourth quarter despite the rising cost of living that is forcing some households to scale back.

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