Retail apparel prices declined a seasonally adjusted 0.6 percent in November after rising the two previous months, as holiday price cutting kicked into gear, the U.S. Labor Department reported Friday in its Consumer Price Index.
Women’s apparel prices also fell 0.6 percent, as all categories declined except the combined underwear, nightwear, sportswear and accessories group, which increased 0.5 percent. Prices for dresses were down 3.4 percent, outerwear dipped 0.4 percent, and suits and separates were off 0.1 percent. Girls’ apparel prices fell 5 percent in the month.
Prices for men’s apparel were up 0.5 percent, with gains in every category except shirts and sweaters, which fell 0.8 percent. Price hikes for suits, sports coats and outerwear were up 2.3 percent, furnishings increased 1.2 percent and pants and shorts rose 0.6 percent. Boys’ apparel prices increased 1.3 percent last month.
The overall CPI fell 0.3 percent in November, the first drop since May, led by falling prices at the gas pump. Gasoline prices fell 7.4 percent in the month, while energy prices declined 4.1 percent.
“In November, gasoline prices fell sharply and drove the headline CPI south,” said Chris G. Christopher Jr., senior principal economist at IHS Global Insight. “Grocery prices rose at a somewhat faster pace in October and November (up 0.3 percent each month), as the impact of the Midwest drought is starting to swallow a larger part of household budgets.”
The core index, which excludes volatile food and energy prices, was up 0.1 percent in the month.
“If you take energy prices and elevated food inflation fears out of the picture, consumer prices look relatively tame,” Christopher said.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia