Retail apparel prices fell for the second straight month in April, dropping 0.3 percent on a seasonably adjusted basis, with declines in women’s, girls’ and boys’, but an uptick in men’s.
The drop-off wasn’t as steep as in March, when retail apparel prices fell 1 percent, the largest downward movement since April 2001, according to the Bureau of Labor Statistics, which released its monthly Consumer Price Index report on Thursday. Compared to a year earlier, retail apparel prices in April increased 0.3 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)