Rising labour costs to contribute to price-rise - sportstextiles: Lea SportsTextiles

News

Rising labour costs to contribute to price-rise for clothing

23/06/2010
The chief executive of apparel brand Perry Ellis International, George Feldenkreis, has said that clothing prices across the industry are likely to increase by 10% over the next two years because of the rising prices of raw materials and increasing labour costs in producing countries, particularly China.

Speaking at the Reuters Consumer and Retail Conference in New York, Mr Feldenkreis said: “Prices have to go up at some point. The consumer will have to pay higher prices.”

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.