WASHINGTON — U.S.-made apparel prices increased 0.3 percent in April and were 3 percent higher than a year earlier, the Labor Department’s Producer Price Index showed Friday. “We are seeing some degree of cost pressure still processing through the supply chain but these cost pressures are expected to moderate in the coming months, primarily because input prices are lower,” said Jeet Dutta, senior economist at Moody’s Analytics. “The need to pass along rising input costs at different stages of manufacturing along the apparel supply chain, whether it is sourced domestically or imported, is [lessening].” Dutta said cotton prices, which drove up apparel prices at retail last year, are now “quite low” and will continue to fall, in light of India lifting its cotton export ban a few weeks ago.RELATED STORY: U.S. Apparel Imports Down in March >> “There is a lot of weight on cotton prices and it is a bit surprising that apparel prices are still showing the strength that they are but I would project they will be moderating in the months ahead.” While domestically produced textile input prices were in line with the overall decline in prices of finished goods, apparel prices bucked the trend. They did contribute to the increase in core prices, which exclude volatile energy and food prices. Wholesale prices on finished goods in the overall economy fell 0.2 percent in April on a seasonally adjusted basis. However, the core PPI index inched up 0.2 percent in April. "The drop in the headline PPI in April was driven entirely by falling energy prices,” said Nigel Gault, chief U.S. economist at IHS Global Insight. “Outside energy, prices rose, but only modestly, with both food and core prices up 0.2 percent. And earlier in the supply chain, intermediate goods prices fell for the first time since December, while crude materials prices fell across the board — food, energy, and other materials were all down.” Gault said the PPI news is “good for consumers since it signals that the bite from energy into their spending power will diminish, and good for producers, since it shows cost pressures easing." "It will also bolster the Fed's confidence that the previous rise in gasoline prices created nothing worse than a temporary rise in inflation," he added. Women’s and girls’ domestically made apparel prices rose 0.4 percent in April compared with March and were 1.1 percent higher than April 2011. In the category, prices on nightwear, excluding robes, rose 7.3 percent last month and were 4.2 percent above a year earlier. Prices on knit shirts and blouses increased 2 percent in April and were 0.4 percent higher year-over-year. Wholesale prices on robes rose 1.7 percent in April and were 1.8 percent above a year earlier, while prices on jeans and slacks increased 0.4 percent last month and were 1.1 percent higher than April 2011. Men’s and boys’ apparel prices rose 0.7 percent in April compared with March and were 8.5 percent higher than a year earlier. Prices on domestically made lightweight non-tailored coats, jackets and vests increased 7.4 percent in the month, while prices on work clothes and washable service apparel rose 1.5 percent last month and were 5.1 percent above a year earlier. Wholesale prices on jeans and jean-cut slacks increased 0.3 percent last month and were 18.3 percent higher than a year earlier. Further down the pipeline, yarn prices fell 0.4 percent in April and were 13 percent below a year earlier, largely reflecting the steep drop in raw cotton prices from last year. Prices on finished fabrics rose 0.1 percent in the month and were 3.5 percent higher than April 2011. Wholesale prices on greige broad woven fabrics fell 2.2 percent in the month and were 4 percent lower than prices a year earlier. Prices on greige knit fabrics fell 1.6 percent in April and were 1.3 percent lower year-over-year.
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