Next said prices will rise by 8% in the first quarter
Posted: Tue Sep 02, 2025 8:26 am
British clothing chain Next warned Thursday that if cotton prices continue to rise, British consumers will face double-digit increases in clothing spending next year. This bold prediction reverses Next's forecast from just two months ago, when it expected clothing prices to rise between 5% and 8%. However, with cotton prices already rising by 20% in October alone, and 10% in the spring. Next currently has 500 stores and 2.6 million online and catalog customers.
The company suggests that the real
culprit behind rising clothing prices may be a email list speculative bubble. A combination of factors, including rising Chinese demand, declining Indian production, floods in Pakistan, and speculation by yield-seeking investors, has caused cotton prices to surge 90% over the past 12 months. "Continued strong demand, a delayed monsoon in India's cotton-growing regions, and active speculative activity are all expected to keep the market moving higher," said the Commonwealth Bank of Australia.
source:
Disclaimer: The content of this article is purely the author's personal opinion and has nothing to do with any data from Huanshang. This website makes no guarantees or representations regarding the authenticity, completeness, or timeliness of this article or any of its contents or text, in whole or in part. Readers are advised to use this information for reference only.
The company suggests that the real
culprit behind rising clothing prices may be a email list speculative bubble. A combination of factors, including rising Chinese demand, declining Indian production, floods in Pakistan, and speculation by yield-seeking investors, has caused cotton prices to surge 90% over the past 12 months. "Continued strong demand, a delayed monsoon in India's cotton-growing regions, and active speculative activity are all expected to keep the market moving higher," said the Commonwealth Bank of Australia.
source:
Disclaimer: The content of this article is purely the author's personal opinion and has nothing to do with any data from Huanshang. This website makes no guarantees or representations regarding the authenticity, completeness, or timeliness of this article or any of its contents or text, in whole or in part. Readers are advised to use this information for reference only.