Interesting Bit of news on the radio this morning-Clothes cost going up.

The basic idea is that cotton prices have really gone up and that some of the largest suppliers for cloths has made the choice to redo their contracts with some very big names including walmart, Target from one year to every three months.

This means that every three months they can look at price increases in the basic supplies to figure out what the contracts will be in terms of cost to the stores, the qoute given on the CBC radio was bath towels, which the current raise in prices will see right around a 40% percent increase in price in the stores.

Of equal concern to me is this statement..

“Higher cotton prices are also prompting several companies to use more man-made fabrics, Agarwal said. The commodity’s share of the global textile market will shrink to 20 percent by 2020 as mills switch to polyester and other chemical fibers to remain profitable”

Given the price of oil and how it continues to rise, do you really see this being helpful, cause I don’t.

Bottom line, Clothes are going to start costing more, so if you have been putting off getting that new pair of jeans or anything cotton related, now might be a good time to stock up a few extra of your trusty favorites.

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3 Responses to Interesting Bit of news on the radio this morning-Clothes cost going up.

  1. Canadian Doomer says:

    Hmmm … my most comfy jeans have developed a hole in the knee. I think I’ll go to Zellers today and pick up a patch for them. Do you think patches will come back into style? 😀

  2. Julie says:

    I’ve been thinking about putting appliques over holes in my clothes recently. I’m a beginning sewer and have begun making clothes for my children, but not myself yet. Guessing that this price increase will include fabric as well.

    I clothes shop almost exclusively at the thrift stores around my house picking up a new item every now and again at a regular store. Spending more than $10 on a pair of pants or more than $6 on a shirt seems expensive to me, so makes me wonder what the prices will rise to? I’ve been more frugally minded since my husbands work slowed down considerably about a year ago saving and salvaging things I never thought possible.

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