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.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia