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.”
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)