Price inflation appears to have a firm grip on the apparel sector, as last year’s volatility in cotton has been replaced by soaring gas prices and related polyester costs still at peak levels.
Retail apparel prices rose 0.9 percent in January compared with December, as merchants regained some pricing power after heavy discounting during the holidays, the U.S. Labor Department’s Consumer Price Index showed. Women’s apparel prices increased 1.2 percent in the month, while men’s apparel prices rose 1.7 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)