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Power Shift: Apparel Prices Up in Normally Promotional December

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Retail apparel prices rose a seasonally adjusted 1.4 percent in December–unusual for the holiday period–but were still down 3.9 percent for the year as merchants lost pricing power during the demand-weakening coronavirus pandemic, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday in its Consumer Price Index (CPI) report. Save for a 0.8 percent dip…

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