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Power Shift: Apparel Prices Up in Normally Promotional December

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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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