The long stretch of falling womenswear prices doesn’t appear to be ending anytime soon.
The U.S. Labor Department’s latest Consumer Price Index (CPI), released Friday, revealed that apparel inched up 0.2% in August—a meagre increase, yes, but clothing prices have only fallen three out of the last seven months. In fact, prices are up 0.3% in the 12 months ended Aug. 31 compared to last year.
By category, men’s apparel prices rose 1.2% last month (suits, sport coats and outerwear registered the biggest increases) and prices for boys’ clothing crept up 0.4%. On a year-over-year basis, prices are up 1.1% in menswear and 3.2% in boyswear.
The same can’t be said for womenswear which fell 2.4% overall last month, with prices declining in all major categories: outerwear dropped 6.6%, dresses decreased 1.9%, women’s suits and separates were down 2 percent and intimates, sleep and sportswear slipped 1.8%. On a year-over-year basis, womenswear prices are down 0.4%.
Girls’ apparel prices rose 3.9% in August—a massive improvement from July when girlswear prices fell 5.5%, but still down 2.8% versus last year.
Overall, the CPI—which is what people pay for food, clothing, fuels and other goods and services—increased 0.2% in August and it’s up 1.1% over the last year. By comparison, the index for all items was flat in July and increased 0.2% in both June and May.
Retail giant Amazon rolls out a new way for shoppers to get instant gratification from their online orders and tangles with Trump over state sales taxes.Read more
Now that NAFTA negotiations have officially started, it looks like the trade deal may come far from the one we've known for the last 23 years.Read more
The seven variables that allow apparel businesses to balance performance and vulnerabilities by effectively identifying, assessing, mitigating and managing their supply chains.Read more
Consumers are starting to reward Target for its work to transform its product, customer experience and fulfillment offerings.Read more
Consumer interest in brick and mortar shopping seems to be picking up, or at least declining at a slower rate, according to the most recent store foot traffic data released by analytics firm Retail Next. It may be a glimmer of hope for physical retailers amid the……...Read more
Under Armour's CEO is leaving Trump's manufacturing council, plus Twisted X launched footwear made from recycled plastic bottles.Read more
Coach, Inc. identifies the ways it which it will strengthen the Kate Spade brand by undertaking some of the steps used to turn its namesake business around.Read more