Women’s apparel prices fell 0.9 percent, with all of the categories declining, except dresses, which increased 0.9 percent in the month. Prices for outerwear were down 2.5 percent, while prices for suits and separates fell 1.5 percent and prices for the combined underwear, nightwear, sportswear and accessories category dropped 0.5 percent. Girls’ apparel prices rose 0.8 percent last month.
Men’s apparel prices fell 0.5 percent in December. Prices for the combined suits, sport coats and outwear category fell 3.1 percent, while prices for pants and shorts declined 1 percent. Prices for furnishings rose 1.4 percent and prices for shirts and sweaters increased 0.1 percent. Boys’ apparel prices were up 1.5 percent.
“Consumer prices were flat in December, thanks to falling pump prices and heavy holiday discounting by retailers,” said Chris G. Christopher Jr., senior principal economist at IHS Global Insight. “If one takes out food and energy prices, the picture is very subdued. Consumer goods prices excluding food and energy have declined on a monthly basis since August, due to retailers cutting prices to gain volume.”
Jeet Dutta, senior economist at Moody’s Analytics, noted that pricing was weak for retailers despite strong retail sales.
“For pricing to have weakened in the face of fairly strong demand suggests that a lot of input costs [such as cotton] have fallen and are finally being passed through to consumers,” Dutta said.
He noted that apparel prices peaked in 2011, reaching close to a 5 percent gain and moderated in 2012 with a 2 percent increase.
Based on that moderation, Moody’s is forecasting further moderation in apparel prices this year, Dutta said.
“Some of the moderation is again because input prices are coming down, but globally there is also quite a bit of weakness and while that has happened there have not been a lot of price gains on imported clothing,” Dutta said. “We expected the global economy to be on stronger footing in the second half of the year but the improvement will be gradual.”
The overall CPI was flat in December, following a slight decline in November. Core prices, excluding volatile food and energy prices, edged up 0.1 percent.
“Looking ahead, there is little threat of deflation, but far more signs of very modest consumer price inflation,” Christopher said. “The cooling in inflation is noticeable for most households; however, consumer confidence is suffering due to political bickering over the debt ceiling crisis.”
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast