Men Splurging on Clothing Signal Firming U.S. Growth
After years of skimping on clothing American men are hitting the shopping malls in droves, a sure sign the economy is finally strengthening.
Sales of men's apparel are forecast to increase 8.26 percent in the first quarter, according to IBM Global Business Services. Men spent an estimated $8.4 billion on clothing last year.
That would be up 8.21 percent from 2010 and the largest increase in 20 years.
The estimates are based on data from the Census Bureau, which will publish detailed December apparel sales numbers later this month, and these figures do not include internet sales.
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