Consumer spending has been rising faster than incomes, according to the most recent U.S. Department of Commerce data, but apparel has not benefitted from the increase.
U.S. apparel imports decreased in 2016 as retailers tightened inventory levels and prices trended downward.Read more
According to Consumer Price Index data released Wednesday by the U.S. Department of Commerce, prices for all goods and services rose compared to the same month last year.Read More
Total U.S. apparel imports dropped in December, according to data released last week by the U.S. Census Bureau, resulting in the first annual decline in the category in the past four years. Apparel imports plunged by 7 percent in the month, to $6.6 billion on……...
Given the increased promotional climate, it is safe to say that official CPI data are, if anything, an understatement of the widespread price erosion within the apparel sector.
Job creation is up, but there's no telling how long that will last.
Retailers whose fortunes rest on apparel continued to suffer from the widespread shifts in consumer shopping preference during the just-ended holiday season.
Global synthetic fiber prices increased in November for the first time in more than three years.
U.S. apparel imports dropped in November, further evidence of the declining consumer demand that has retailers and brands curtailing their orders from overseas factories.
Store foot traffic and sales in the U.S. both fell significantly during the all-important Holiday 2016 selling season, according to analytics firm Retail Next.