NEW YORK — Pinched by higher raw material costs and pressured by buyers for faster turnarounds and lower prices, textile suppliers exhibiting at international textile shows here said they face daunting challenges.
There is a sense the worst of the economic crisis is over, but fabric firms showing at Première Vision Preview and Texworld USA this month said the biggest issue they face is an inability to pass on price increases to their customers, particularly retailers and brands opposed to raising prices in a weak consumer market. Retail prices for apparel have been on a decades-long decline and consumers are likely to resist increases, executives said.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)