Home / Knowledge / News / Apparel/Garments / No rate cuts with fall in cotton prices – Carter's CEO
No rate cuts with fall in cotton prices – Carter's CEO
02
Mar '12
In spite of the fall witnessed in cotton prices since late 2011, it is unlikely to result in any relaxation in prices of children's apparels, according to Michael Casey, Chairman and CEO of Carter's, a leading children's clothing brand.

Mr. Casey said the cost increases were only partially transferred to consumers last year, as a tough economy did not allow them to greatly raise the prices of their products.

The Atlanta-based firm's CEO ruled out reduction in prices of cotton clothing as he expects fuel prices to escalate and the cost of hiring workers to keep rising. The firm also wants to increase its earnings on sales, he added.

The firm's sales volumes grew by 21 percent during 2011, and orders for baby clothing and playwear for next season are also good. An improvement has been noted in sales of girl's playwear, which was struggling, however sleepwear continues to underperform.

Carter's online sales rose above US$ 70 million, much above its expectations during last year. Over the next five years, the company intends to launch 300 new outlets, while retaining its focus on online trade.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X