WASHINGTON — Increases in imports and production, coupled with weakening demand and fierce competition from discounters, has undermined pricing power, according to economists.
Retail prices for all apparel fell a seasonally adjusted 0.9 percent in June, while prices fell 2.9 percent against June 2001. The one-month decline marked the biggest decline in June since 1948, the Labor Department’s Consumer Price Index revealed on Friday.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)