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Power Shift: Apparel Prices Up in Normally Promotional December

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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