Inflation increased in April compared to a year ago, buoyed by increases in energy, food, shelter, transportation services and healthcare. Apparel prices rose negligibly.
According to Consumer Price Index (CPI) data released last week by the U.S. Department of Commerce, prices for all goods and services rose by 2.2% (adjusted for seasonality) compared to the same month last year. Energy prices, which fell in the month, remain significantly higher than a year ago. The core inflation rate, which excludes food and energy, increased by 1.9%.
The apparel and footwear price index increased by 0.5%.
Apparel prices (excluding footwear) rose by 0.4% compared to April 2016, their smallest increases in four months. Footwear prices rose by about the same amount, up 0.5%.
Womenswear prices increased by 0.8% in the month, while menswear prices fell by 1.9%.
Children’s apparel suffered a 1.5% price decline, primarily due to a drop in boys’ apparel prices and a shift toward value channels.
LevaData is tapping the power of AI to make strategic sourcing and procurement more seamless for apparel industry members.Read more
Samples, it seems, may soon end up on the endangered list if 3D modeling technology continues to improve and provides the industry with a way to cut down production timelines.Read more
Abercrombie & Fitch continues to rely on Hollister gains, while positioning the Abercrombie brand for similar success. Gap sales up on Athleta, Old Navy performance.Read more
The domestic textile industry and apparel importers have often been on opposite sides of U.S. trade issues, but in today’s political climate they seem to have found some common ground.Read more
U.S. employers added 261,000 jobs in October, pushing unemployment down to the lowest rate since the halcyon days of late 2000.Read more
While everyone’s been focused on the "retail apocalypse," the real story to emerge from 2017 might be the strange bedfellows that have emerged as everyone tries to plot a course forward. The recent partnership between Walmart and Lord & Taylor is the latest to get people talking.Read more
J.W. Anderson’s chief executive, Simon Whitehouse, is exiting the company, plus Dick's Sporting Goods tapped Paul Gaffney as its new CTO.Read more