WASHINGTON — Retail prices for women’s apparel ended the year on a low note, as price-cutting and deflation led to further erosion.
Compared with December 2001, women’s apparel prices fell 2.1 percent, locked in the same pattern of year-over-year declines, the Labor Department reported Thursday in its Consumer Price Index, the most widely watched gauge of inflation. In December, prices for women’s apparel fell 0.5 percent against November.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)