Apparel prices rise despite markdowns
July 14, 2022
Apparel prices in June were 5.2 percent higher on a year-over-year basis, according to data from the U.S. Bureau of Labor Statistics. The clothing category, driven by an uptick in work-appropriate clothing and formalwear, rose five percent from January through May, according to NPD.
Recent News
Pickleball Expands Internationally to India
Pickleball, America’s booming sport, aims to spread its games in India, the world’s most populous country.
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its Prime deliveries are now even speedier. With over 2 billion packages reaching customers in a day or less this year, the company claims its delivery system is picking up its pace.
H-E-B Recalls Ice Cream Cups Due to Metal
The popular frozen treat has been pulled from store shelves in a voluntary company recall.
Chipotle Scraps Farmesa Fresh Eatery After Ghost Kitchen Closure
Chipotle Mexican Grill’s venture into the Farmesa Fresh Eatery concept has come to an abrupt halt following the closure of its partnering platform Kitchen United’s ghost kitchens.