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Rising Cotton Prices Put The T-Shirt Industry Under Pressure
Cotton prices are at their highest in over 10 years. This is having dramatic effects on the t-shirt industry.
Over the last 10 years shoppers have enjoyed year on year clothing deflation. Since 1998 the cost of clothing has fell by an average of 2.6% each year. This has been been driven by the rise in budget clothing chains like Primark, however Primark are now reluctantly warning of steep price hikes. Primark finance director John Bason wouldn’t divulge his forecasts for the coming year but warned: “The pricing environment is a tough one for the consumer.”
A few companies, particular online retailers are still managing to fight off the increases. One such company t-shirt wholesalers http://www.buytshirtsonline.co.uk/
But with more price increases almost inevitable in January and the V.A.T increase to 20% consumers must realise that the days of the £1.00 t-shirt may be over for good.
Page Updated Last on: Oct 03, 2010