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If your that worried you could air dry. The only thing of lo's that shrinks are her pjs and swaddle blankets.

I washed everything, I didnt really notice shrinkage but its hard to tell. But I havent bought anything in NB sizes. All my baby clothes are 3 months and up. The NB sizes just look so teeny and dont seem worth it to me.
I did handwash and air dry a few onesies that had appliques or very dark colors, so you could air dry too like @Artbee suggested

@Mrsdaredevil: I haven't had a problem with drying clothes from there.

I've washed a lot of baby's new clothes and haven't noticed shrinking so far. They just look a little shrunken because I'm bad about getting clothes out of the dryer promptly and they're a tad (a lot) wrinkled

Tip from a friend: If you're like her (and us) and got TONS of clothes as gifts, don't wash too far in advance and don't take tags off of clothes too far in advance. There are things that LO just won't have a chance to wear, and that's one less baby gift I have to buy

I have a bunch of bodysuits from Carters that LO has worn non stop. I haven't noticed any shrinkage but I have never put them in the dryer, they are always line dried.