Friday, 3 December 2010

World Cotton Prices Soaring

This week we thought we would give you a heads up on how cotton prices affect the cost of clothes you wear and the cost of stock t-shirts.
As you may know cotton is the main component of most fabric and clothing. For the first time in almost 5 years high street brands such as Primark and H and M are set to drastically increase their prices. The Era of the five pound shirt might be over.

You might be wondering why there is an impending hike in clothing prices. Are retailers just getting greedy or is there a bigger problem?


Unfortunately the problem is bigger than the retailers and the culprit for higher prices is Mother Nature. Earlier this year there were devastating floods in Pakistan which is the World's fourth largest cotton grower. The flood destroyed most of Pakistan’s cotton farms and has driven up world cotton prices to a 15 year high.
This has led to a shortage of cotton worldwide and hence the possibility of increases in prices for clothing you purchase on the high street.

We all know there are hard economic times so here is some free advice.
1)
Why not purchase and print your items before the end of the year because cotton prices are bound to rise in 2011.

2)
VAT will be going up by 20% in 2011 hence the cost of stock clothing will also shoot up. Beat the VAT increase, purchase and print your shirts before the end of the year and save.

We have a wide variety of stock clothing and accessories that can be printed on. We are ready and willing to help you make savings and enter 2011 with a healthy bank balance.
Just email your questions to us at orders@gliffix.com

1 comment:

  1. I read you post. Clothing prices accept alone for a decade as acclimatized aggrandizement and bargain across activity helped authority down costs. Retailers and accoutrement makers cut basic and experimented with bolt blends to cut prices during the recession.

    ReplyDelete