The trend in clothing prices: High cotton

Cotton Feb 19, 2011 No Comments

The cost of your tighty-whities is going up. Same goes for your socks, dresses, shirts, jeans and other clothing.

Thanks to the higher cost of cotton and other materials, as well as higher labor costs, clothing prices are expected to increase this year – as much as 30 percent or more, according to companies and experts.

Cotton is one of the biggest factors; its prices have skyrocketed to records, more than doubling from a year ago.

“What we have this year is record prices, triple or double prices from last year depending on the quality of the cotton,” said Andrei Guitchounts, an economist with the International Cotton Advisory Committee.

Other materials have also risen roughly 50 percent in cost as companies turn to synthetics to replace some of their cotton supplies with blends and alternatives.

via The trend in clothing prices: High cotton.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.