The knit market is facing a quadruple whammy that is driving prices up by as much as 20 percent for fall.
Between higher commodity and labor costs, an ever-weakening dollar and greater shipping expenses thanks to record-high oil prices, knit manufacturers are facing a perfect storm of supply costs, aggravated by the troubled retail climate. Now vendors must make the difficult decision of how much of the additional costs to pass on in their wholesale prices.
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