Blog: UK retailers see higher clothing prices
Leonie Barrie | 14 March 2008
Some of the UK’s biggest fashion chains say they expect the prices charged by Chinese clothing suppliers to rise by more than 10% this year.
According to The Times newspaper, Debenhams and French Connection expect to see inflation coming through in clothing driven by higher wages in China, energy costs and an increase in the price of cotton.
The paper says Chinese inflation is running at a ten-year high of 8.7%, while the price of cotton – which accounts for about 40% of the cost of a plain T-shirt – has surged 17% in the past month alone.
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