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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)