At the end of the month we will have to increase our prices on 4 products. We already explained the reasons for these increases in detail last October. The price of cotton has increased steadily over the past few months and broke through $2/pound just last week. Transport costs are also on the rise and will continue to grow throughout this year, adding to the overall price increase.
Due to these factors, those who produce and supply our products have increased their prices on 60 of our products by an average of 36%. Many have already informed us that they have planned further price increases for the second quarter of 2011. We have been in regular contact with our suppliers to work out the best possible strategy for the upcoming months.
That leads us to our price situation. We punched the numbers and came to the conclusion that we will have to increase the base price of (only) 4 products in our range. You can find which 4 products and how much the increases are in the forum.
That’s no fun for neither of us but understandable!