Retail Industry
Industry: Email Alert RSS FeedMen's retail prices dip in June. (1995)(Brief Article)
Daily News Record, July, 1995 by Ramey, Joanna
WASHINGTON (FNS) -- Men's retail prices in June continued to reflect heightened competitiveness in the industry, declining a seasonally adjusted 0.8 percent against May compared to a 0.1 percent increase for all consumer goods, the Labor Department reported Friday in its monthly Consumer Price Index.
Analysts point to the popularity of wrinkle-resistant pants and shirts as giving a particular boost to men's prices.
"They have been able to keep prices stable for those products," a Labor analyst said, noting how the index for jeans and trousers increased 1.2 percent in June, although compared to June 1994, prices were down 1.1 percent.
Within the men's categories, prices at retail for suits, sport coats, coats and jackets declined 2.7 percent last...
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