Contact Us

Expect Clothing Prices to Rise

Unfortunately when it comes to money things are not going to be easier.  We worry about rising gas prices, now we have to worry about rising clothes prices as well.

Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen.

Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III president of Strategic Resource Group.

Brooks Brothers’ wrinkle-free men’s dress shirts now cost $88, up from $79.50. Levi Strauss & Co., Wrangler jeans maker VF Corp., J.C. Penney Co., Nike and designer shoe seller Steve Madden also plan increases.

More specifics on price increases are expected when clothing retailers such as J.C. Penney and Abercrombie & Fitch report financial results this month.

Clothing makers are blending more synthetic fabrics like rayon and designing jeans with fewer beads and other embellishments. Shoppers also will have fewer color choices.

(via US Retail: Clothing Prices to Rise 10% Starting in Spring – CNBC.)

So with the rising costs on clothing how will that affect us locally?

“Its gonna be good for business in the end, but it’s gonna hurt a little bit right at first until people get used to the increase in price.” said Terry Martin, Owner West Texas Western Store.

Wade also said this is not looking like the last increase we are going to see but overall it’s good for the panhandle’s economy.

And Martin said he doesn’t expect to see an increase in prices until the middle of the year, but that they could continue to go up as the year goes on.

(via Cotton may force reatail prices to rise : News :

Best of Mix 94.1

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for MIX VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive MIX VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.