Rising Gas Prices adding to Clothing & Footwear Cost
The rising cost of Gasoline and Diesel seems to be affecting the price of almost everything. Not only is the cost of filling up your vehicle increasing but also the cost of food and clothing.
Adding to the cost increases on Footwear and Clothing are the following two factors:
- Mandated increases in workers wages and benefits are affecting the cost of goods produced in Asia.
- The weak US Dollar vs. other world currencies makes importing goods, whether components or finished products, more expensive.
Also the price on store supplies that you normally wouldn’t think about have risen drastically. Plastic bags for example that cost $35.20 per thousand in November of 2007 and are now at $98.50 per thousand. To counteract this we searched around and found bags slightly smaller than the ones were using at a cost of $36.49 per thousand.
Hanks is aggressively searching out value for our customers and everyday we continue to search for products that we think are of exceptional value. We look at price, quality, and value for the dollar all combined in our purchasing decisions.
Gas is going to go up more. I am convinced of that. Read this article here that states the good that will come from $8 a gallon gas (not that I agree totally just an interesting take). We’ll do our best here at Hanks to offer products that give you the most for your dollar.
Thanks for listening and conserve that gasoline!
Brian
Hanks Clothing
