Better keep those old khakis a little longer, since clothing prices are expected to rise some...

|By:, SA News Editor

Better keep those old khakis a little longer, since clothing prices are expected to rise some 10% in coming months. Cotton has more than doubled in price over last year, and the price of other synthetic fabrics has jumped ~50%. "All of our brands, every single brand, will take some price increases," says Eric Wiseman of VF Corp. (VFC) says, joining J.C. Penney (JCP) and Nike (NKE) in announcing price hikes.