Apparel / Textiles & Accessories

According to a report by the Russian "Business Consulting" on July 22, affected by the epidemic, the cost of shipping between Asia and Europe has increased several times over last year. Since the beginning of this year, cotton prices have risen by 35%, and the cost of all materials involving petroleum products has also increased significantly. The weak ruble affects product prices.

According to data from the Russian Statistics Bureau, retail prices of most products rose 4-5% from January to June this year. According to the retailer's forecast, due to the increase in logistics and raw material costs, the prices of clothing and footwear in autumn and winter may rise by at least 10%. Since last year, the prices of building materials, wood and metals have hit record highs, leading to increased operating costs. Retailers have indicated that they will currently reduce profits to maintain prices, but they will not maintain prices indefinitely.