Cotton Prices Beginning to Affect Major Manufacturers

Gildan announced on Friday, January 7th, that effective immediately, they would enact a price increase. Gildan sites that the increase is largely due to the rapidly increasing cost of raw materials, especially cotton. This is a trend that Sky High Marketing has been following recently (see our October 29 blog) and our suppliers indicate that they expect other mills to follow Gildan’s lead. The average Gildan price increase is approximately 7-10%. Please check our blog out for the most up to date information concerning this issue.

Josh Kozinksi, President