Everything keeps going up and up..Sisterbrenda
Seems like everything is going up why not clothing... I don't like it but what can We do? make our own clothing still fabric goes up??? I sew all my own dresses so that will help in that department...
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The Associated Press | February 14, 2011 | 07:17 AM EST
The era of falling clothing prices is ending. Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs.
Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession. But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs.
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.
http://m.cnbc.com/us_news/41575599/1?refresh=true
3 comments:
That's the way things go. As we vote to raise minimum wadge the companies have to raise the cost for things because they have to pay their workers more. Essentially we are making our money not worth the cost to make it...well, that's the route we are headed in my oppinion. Have a wonderful day and enjoy the moment for it's all you are given. *big smile* Remember to pray always. Sincerely, Mommy of two little blessings & so much more!
I am expecting everything to go up in cost. It is really sad for the people on fixed incomes and new families that are struggling. May God have mercy on us all.
Mommy Of two little blessings
It might be thats the way things go but I don't like it.. Things need to slow down abit.. Thanks for returning back my blog hope to see more of ya..
Blessings.. smile..
Sisterbrenda
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Gentleliving7
I know things will go up living here in Maine everything gets shipped.. I know what you mean when you say fixed income.. By parents are retired and on a fix income they find it very hard.. ...
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