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.”
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
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The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
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"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye