NEW YORK — Apparel’s deflationary price spiral unwound sales of women’s casual sportswear last year.
A 4 percent decline in the average price of women’s casual sportswear, to $19.46 last December, from $20.35 in December 2001, contributed to a 2 percent slump in the sector’s sales for the full year — which tallied $38.8 billion, versus $39.6 billion in 2001 — according to the AccuPanel Quarterly Apparel Monitor for the fourth quarter and full year, released Thursday by Cambridge, Mass.-based STS Market Research.
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)