Wholesale prices for domestically manufactured women's and girl's apparel increased 0.2 percent in February from the previous month, but fell 0.1 percent from a year earlier, the Labor Department reported Tuesday in its Producer Price Index.
The department's Producer Price Index showed that wholesale prices for all apparel, including men's and boys', increased 0.1 percent last month compared with January and was up 0.3 percent from February 2007. Prices for all domestically produced goods rose 0.3 percent during the month.
The core PPI, which excludes the volatile food and energy sectors, increased 0.5 percent in February following a 0.4 percent rise in January. Falling food prices in February helped to counterbalance the effects of higher energy prices. Gasoline and natural gas prices rose and continued to pressure the economy in February, offsetting declines in other energy sectors.
"Producer prices and consumer prices were on opposite tacks in February, with core consumer prices flat and the producer price counterpart accelerating," Kenneth Beauchemin, U.S. economist for Global Insight, wrote in an analysis. "In such circumstances, the smart money follows the Consumer Price Index with its more robust sample and smaller historical volatility."
Since U.S.-made apparel and textiles makes up a small percentage of goods sold at retail, the CPI is also a better gauge for those sectors. Women's retail apparel prices in February fell for the first time in three months, the Labor Department reported last week in the CPI.
Within the PPI, domestic wholesale prices for knit shirts and blouses, and woven shirts and blouses were flat in February, and up 0.3 and 0.1 percent, respectively, compared with last year. Women's dress prices increased 0.8 percent in monthly and yearly comparisons, and suits and pantsuits were flat versus last month and up 1.5 percent over the prior year. Jeans and slacks were flat on a month-to-month basis, but declined 0.1 percent versus last year.
Prices for textile product mills increased 0.4 percent in February and 1.1 percent versus last year, while prices for goods from textile mills rose 0.4 percent for the month and 3.1 percent f or the year.
Prices on yarns rose 0.7 percent in February and jumped 5.3 percent from last year, while synthetic fibers increased 0.2 percent in February and rose 0.5 percent from the prior year. Greige fabric prices climbed 0.2 percent for the month and 2.8 percent versus last year. Finished fabric prices grew 0.4 percent in February and 2 percent on a yearly comparison.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye