Spring’s Early Arrival Helps Women’s Apparel Prices Rise in February

Print Friendly, PDF & Email

SpringCollection

Inflation slowed in February, according to data released Wednesday by the U.S. Bureau of Labor Statistics, as energy prices continued to drop.

Prices for apparel edged up slightly for the first time in almost a year and a half as warmer-than-average weather in key parts of the country helped retailers sell full-priced early spring merchandise.

Inflation for all items increased by 1 percent year-over-year, below January’s 1.4% rise. Taking food and energy out of the mix, the increase was 2.3%, slightly ahead of the prior month’s rate, due primarily to increases in housing and medical service costs.

The combined apparel and footwear price index rose by 0.9%, its biggest monthly rise since June 2014.

CPI1

The index for clothing alone increased by 0.6%, while footwear prices spiked by a surprising 1.8%.

CPI2

Women’s apparel prices had their first increase in a year and a half, edging up by 0.2%, while men’s prices dipped by 0.4%. Many retailers reported solid full-priced sales of early spring merchandise as the brief cold snap (which helped clear out the last vestiges of outerwear) in the east was followed by warmer-than-normal temperatures in the east, midwest and other regions.

CPI3

While boys’ apparel prices fell 0.4%, prices of girlswear dropped by 1.3%. Infants’ and toddlers’ prices rose by 3.4%.

CPI4


Recent News

Financial Roundup: Abercrombie Comps up on Hollister; Gap Rides Athleta, Old Navy to Sales Gains

Abercrombie & Fitch continues to rely on Hollister gains, while positioning the Abercrombie brand for similar success. Gap sales up on Athleta, Old Navy performance.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

“Uncertainty” Over Trump Policies Makes Frenemies of Importers, Domestic Producers

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.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Lord & Taylor Teaming With Walmart, a Desperate Last Gasp or a Brilliant Move Toward the Future?

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.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more