First ensure that your geometry is correct by importing both the clothing and the figure's OBJ file. Leave all the import option boxes unchecked. The clothing must line up perfectly with the figure.

If all is well clear the scene.

Now load the figure followed by your clothing. Select the clothing, turn on all IK chain and ensure that all hand and feet translations are zero. Now turn off all IK chains and use the "Zero Figure" button in the Joint Editor. Next select the hip followed by the BODY and zero all translations.

Finally go to Edit:Memorize:Figure. This will remove all the preset bends and translations that were in the original CR2 file and are the most probable cause of the displacement. Conform the clothing to the figure to check.

If all is correct save the clothing to the figure library.