Survey: Cotton Merch Retails to Jump This Summer
May 13, 2011,
In addition to higher pricing on raw cotton, respondents took into account the impact of higher logistical costs when evaluating retail increases. Some 62% said their logistics costs were up more than 5% - and nearly two-thirds of that group said their were passing along at least a portion of the pain to retailers.
"For manufacturers and importers the rise in oil prices (89.6%) as well as the conflicts in Egypt and Libya (62.5 %) is the driving force behind this increase," said Capital Business Credit, a commercial finance company specializing in supply chain financing with a focus on the retail industry.