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jack69darin
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What to Buy Before Cotton Prices Rise

submitted on November 5, 2010 by jack69darin in "Member's Lounge"
Consumers itching for new jeans, pricey dress shirts or other cotton-heavy goods might want to pay especially close attention to this year’s holiday sales. Although the rising cost of cotton hasn’t hit shoppers yet, clothing companies have said prices will start climbing as early as January.

Bad weather in cotton-producing regions of India and China, and flooding in Pakistan, resulted in poor harvests this season, driving cotton prices up nearly 80% since the summer. So far, most clothing makers haven’t passed that cost increase along to consumers. But in recent weeks, the parent companies of a variety of brands – including retail chain Bon-Ton (BONT: 13.20*, +0.16, +1.22%), Jones New York, Hanes, premium denim producer 7 For All Mankind and outdoor clothing maker North Face – have said they expect to raise their prices by up to 10% in 2011. At this point, says Randy Allen, an associate dean for The Johnson School at Cornell University, “they can’t afford not to.”



Read more:
http://www.smartmoney.com/spen.....ices-rise/
 

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  • 104037
    lootango
    professor
    11 9 1
    Posted by lootango on February 14, 2011
    [reply] 1 0
    Clothing prices are supposed to start rising in spring... time to buy any cotton clothes now... with a coupon of course. Big Grin

    http://news.yahoo.com/s/ap/201.....ing_prices
  • 104051
    clover
    professor
    1 6 7
    12 11 2
    Posted by clover on February 14, 2011
    [reply] 2 0
    I guess underwear and socks are on the list. They are in need of replacement especially if I am in an accident! Eeek
  • 104058
    deathbynosleep
    teacher
    7 1 1
    Posted by deathbynosleep on February 14, 2011
    [reply] 2 0
    I do silk screen printing. My cost of a plain t-shirt has gone up over 40%. I have to keep explaining to my customers why the price has gone up. Or those i'm giving the same price as last year, why I have no room to discount any further.

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