Like much of the fashion industry, the children’s apparel sector is being pinched, both by higher operating costs and slower sales.
“It’s a fairly challenging environment, particularly the upward cost pressures in the supply chain,” said Carl Steidtmann, chief economist at Deloitte Research-Consumer Business. He said the dollar’s lower value against currencies where children’s apparel is produced, coupled with rising energy prices pushing transportation costs higher, are key price pressures for vendors.
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)