The rise in cotton prices has been 'terrifying' and could force U.S. retailers like Gap (GPS),...

|By:, SA News Editor

The rise in cotton prices has been 'terrifying' and could force U.S. retailers like Gap (GPS), J.C. Penney (JCP) and Wal-Mart (WMT) to pay their Chinese suppliers as much as 30% more for clothes. The price hikes, unsurprisingly, will probably be passed along to consumers.