US clothing & accessories spending slumps 3.9% in early 2025: Earnest

US consumer spending at clothing and accessories stores fell 3.9 per cent YoY from January 1 to March 23, 2025, as per Earnest data.
March saw the sharpest monthly decline since November 2024, driven by weaker credit card use.
Debit card spending outpaced credit, led by younger shoppers.
Basket sizes dropped to $122. Spending rose in Hawaii, Louisiana, and Ohio but declined in most states.Read More