H&M Monitoring
“H&M is constantly monitoring the price of cotton and other costs,” said spokeswoman Jenni Tapper-Ho, who wouldn’t comment on whether it would raise prices.
Adidas sees a “limited impact” from cotton prices, said spokeswoman Katja Schreiber.
Zhejiang Datu Garments Co Ltd., which shipped $4 million worth of pullovers to Wal-Mart Stores Inc. last year, raised prices to $9 a piece from $7.50 in August, said sales manager Bella Weng. Wal-Mart spokesman Kevin Gardner declined to comment.
Zhejiang-based Datu plans to further raise prices by 20 percent to 30 percent, she said earlier this month at her Canton Fair booth, which was filled with polo shirts and pullovers that she said were made for Wal-Mart.
“We’ve been holding up fairly well even with the yuan rising,” Tianlong’s Hu said. “Cotton prices are just more unpredictable. We’re facing a real test.”
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