2011 Price Increases

As you maybe aware from media coverage garment prices and stock availability  are under severe pressure due to:

• Cotton availability has been a problem
• Cotton price increased by nearly 100%
• Other core raw materials having double digit increases
• Production capacity under pressure due to well publicised problems such as:
• Floods in Pakistan
• Power shortages in Bangladesh
• Rapid growth in Chinese home market reducing the previous ‘plentiful supply’
• Increased minimum runs
• Greater factory lead times
• Indicative level of increases

We are disappointed to report that the level of price increases for January 2011 are between 10 and 20% with some potentially higher.

Please be aware it is likely that there will be on-going volatility in 2011 on both prices and availability