WASHINGTON — Retail apparel prices rose in December following three months of declines, as overall consumer prices also edged up, the U.S. Labor Department reported Thursday in its Consumer Price Index.Prices on all apparel sold at retail rose a seasonally adjusted 0.9 percent last month. Women’s retail apparel prices increased 2.1 percent, while prices for men’s apparel were up 0.6 percent. Girls’ apparel prices increased 0.9 percent, while boys’ apparel prices fell 0.6 percent.“Although there were reports that there was a lot of discounting done during the holidays to drive traffic, it would seem at least apparel retailers did reserve pricing power,” said Jeet Dutta, senior economist at Moody’s Analytics.Within the women’s category, retail prices for suits and separates gained 4.4 percent in the month, while prices for dresses increased 2.4 percent. Outerwear prices advanced 1.5 percent, while prices for the broad category that includes underwear, nightwear, sportswear and accessories fell 1.2 percent.In men’s wear, prices for the combined category of suits, sport coats and outerwear rose 2.9 percent, as prices for shirts and sweaters gained 0.4 percent. Prices for pants and shorts increased 0.3 percent, while prices for furnishings fell 0.5 percent.The overall CPI rose 0.3 percent in December, after remaining unchanged in November. The core index, which excludes volatile food and energy prices, was up 0.1 percent last month.Chris G. Christopher Jr., director of consumer economics at IHS Global Insight, said higher energy prices drove the top-line consumer inflation number.“The last year is a bland inflation story, and consumers like bland inflation until their next pay raise is equally bland,” Christopher said.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim