WITKOWSKI LEAVES KORS: Don Witkowski, president of the men’s division at Michael Kors (USA) Inc., is leaving to start his own consulting business, effective July 1. Witkowski isn’t turning his back on the designer, though. Kors will be the first client at his new venture, which he has yet to be named. A successor to Witkowski, who joined Kors in 2003, is expected to be named shortly.
PRODUCER PRICES DROP: Wholesale prices on U.S.-produced women’s cut-and-sewn apparel slid 0.6 percent in May, but were up 0.2 percent from a year ago, the U.S. Department of Labor reported Tuesday. Overall, wholesale prices of U.S.-produced goods fell 0.6 percent in May, after adjusting for seasonal variations. Prices were up 3.8 percent from a year ago. Excluding the volatile food and energy categories, prices in May inched up 0.1 percent. All apparel prices fell 0.2 percent in May and were flat against a year ago. Synthetic fiber prices rose 0.2 percent in May and were up 5.5 percent from a year ago. Prices for processed thread and yarns increased 0.4 percent for the month and 3 percent from a year ago. Greige goods were down 0.1 percent in May, but gained 1.3 percent from 12 months earlier.