Home / Knowledge / News / Apparel/Garments / Apparel brands to hike prices by 10-15 percent
Apparel brands to hike prices by 10-15 percent
09
Jun '11
For consumers in India, buying clothing after July would mean forking out an additional 30-35 percent, than those prevailing at the same time last year.

Despite a correction in cotton prices, a few apparel brands are expected to hike their prices by a further 10-15 percent around July.

Just a few months back, when raw cotton prices had touched historical highs of Rs 63,000 per candy (1 candy = 356 kg), many of the garment brands had hiked prices by 30-35 percent.

“A few brands have already hiked their prices by between 15-30 percent, while others had increased them marginally, so the second category may increase prices between 5-15 percent”, Mr Harminder Sahni, MD - Wazir Advisors told fibre2fashion.

Dwelling on the factors, he said, “Retail brands have been under severe pressure on the raw material side as well as all other cost affecting factors. First is the raw material itself. Cotton and polyester prices have risen a lot and even though they have come down a little in the last few days, they are still very high.

“Second is the cost of production. Labour cost has become extremely high and labour availability is also a major issue, so all suppliers are increasing their price of manufacture. The third is the 10 percent excise duty which was announced in the February budget.

“Then comes the retailing cost which is the rentals as well as the overall marketing cost, which are also escalating. So the combination of all these factors, has forced retailers to increase the consumer prices”, he explained by saying.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search