9:46 a.m., June 22, 2022changed to
11:08 a.m., June 22, 2022
Inflation spares no sector. The clothing sector has also been subject to an increase in its prices for the past few months: +4.3% in May 2022 compared to 2021, according to INSEE. So, to try to contain the rise in prices on the shelves as much as possible, textile professionals are trying to find solutions so as not to have to pass on the entire rise in costs to the consumer’s till receipt.
The clothing sector is currently facing shortages such as cashmere or cotton, the prices of which are skyrocketing due to scarcity and the cost of production. And then there are also the consequences of the war in Ukraine: some dress and coat factories had to close, forcing manufacturers to find new sources of supply.
Work on “easier” models
Faced with this soaring cost, some prefer to turn to new materials or even simplify certain models of clothing to minimize their costs, as explained by Sandrine Bonnet, secretary general of the clothing federation, at the microphone of Europe 1: “We will be able to substitute certain materials for others. And then work on models that may be easier or with less technicality or fewer parts or pockets. But we will never compromise on the quality of the clothes”.
Inflation will be felt in September
The surge in oil prices is not without consequences either: the cost of transporting goods has exploded. Some brands are therefore trying to source their supplies from countries that are geographically closer. We should therefore expect a further price increase in September, experts warn, when the new autumn collections, produced at the moment, will arrive on the shelves.
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