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March 17, 2008
Women's Retail Apparel Prices Fall In Feb.
Women’s retail apparel prices fell for the first time in three months in February due to heavy markdowns by merchants wanting to clear out their old winter stock.
Prices in February dropped 1.8% after a series of small monthly rises, according to Labor Department figures. Prices for the period were down 3.8% compared to last year with the biggest declines recorded in suits and separates.
Outerwear was the only category that saw year-over-year gains. Although outerwear prices dropped 1% in February, they were up 4.1% from last year.
Posted by Blacks on March 17, 2008 10:06 AM
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