Even when retailers cut prices to clear inventory, people pay more
Clothing costs increased 5.2 percent over the last year and 0.8 percent in June compared to May. The overall inflation rate increased by a higher-than-anticipated 9.1 percent from a year earlier. Sales of women’s formal dresses increased by 42% from January to May, according to NPD. In the warehouses and stores of many retailers, excess … Read more