WASHINGTON — Retailers took a gamble on their pricing power in November, pushing retail apparel prices up a seasonally adjusted 0.6 percent even as the crucial holiday shopping season began.
The picture was even more stark in year-over-year comparisons, with apparel prices rising 4.8 percent from November 2010, the U.S. Labor Department’s Consumer Price Index showed. It was the largest November-to-November increase in apparel prices since 1987, when they rose 6.3 percent, according to Sarah Hutchinson, an economist with the Labor Department.
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)