Tuesday, 14 September 2010
Doom & Gloom to come on the High Street
Due to the recent hike in prices from 10 cents per lb to 83 cents per lb, due mainly to the recent floods in Pakistan which has wiped out much of the crop, retailers such as Primark, H&M and Next have warned of an increase in prices by as much as 8%. They will no longer be able to continue to sell clothes at knock down prices as cotton is the key material in the cheap clothing ranges we see on the High Street and the price of cotton is now at a 15 year high.
Oh well it looks like we will all be buying wisely in the January Sales!