Analyst says there is a divide in how Americans shop for Apparel & Footwear
Investing.com -- Higher-income Americans are becoming increasingly important to apparel and footwear sales as widening economic inequality produces sharp differences in shopping frequency, price sensitivity, and technology adoption, Bernstein analyst Aneesha Sherman said. Consumers in the highest income quintile spend 3.4 times more on apparel than those in the lowest quintile, while the top 40% of earners generate roughly 60% of total spending in the category.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
Investing.com -- Higher-income Americans are becoming increasingly important to apparel and footwear sales as widening economic inequality produces sharp differences in shopping frequency, price sensitivity, and technology adoption, Bernstein analyst Aneesha Sherman said. Consumers in the highest income quintile spend 3.4 times more on apparel than those in the lowest quintile, while the top 40% of earners generate roughly 60% of total spending in the category. The findings were based on a November 2025 survey of 3,750 U.S. consumers and demographic data covering thousands of retail locations.
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- Investing.com -- Higher-income Americans are becoming increasingly important to apparel and footwear sales as widening economic inequality produces sharp differences in shopping frequency, price sensitivity, and technology adoption, Bernstein analyst Aneesha Sherman said. Consumers in the highest income quintile spend 3.4 times more on apparel than those in the lowest quintile, while the top 40% of earners generate roughly 60% of total spending in the category.
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Analyst says there is a divide in how Americans shop for Apparel & Footwear
Sources1TypeCoverageInvesting.com · Economy