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Clothes and footwear will rise in price in Russia in the fall
Russian retailers have warned of a rise in the price of clothing and footwear in the fall. The rise in price in the new autumn-winter season will be 10-15%.
As the RBCAccording to market experts, at the beginning of 2022 prices will rise to 20% of the current ones. The main reasons are the growing costs of logistics and raw materials. The cost of sea freight from Asia to Europe has increased 5-6 times compared to last year due to the pandemic and disruptions in the work of Chinese ports. Since the beginning of the year, cotton has risen in price by 35%, while the price for synthetic fiber - elastane has risen. The weakening ruble is also affecting prices, retailers say.
Among the negative factors for retail are a decrease in the purchasing power of the population, a low consumer confidence index and the active development of online trading. However, not everyone is ready to raise prices - brands Sela, Zarina, Love Republic, BeFree remain at the level of 2019.
The Ministry of Industry and Trade of the Russian Federation does not expect see no reason for a significant increase in prices for clothing and footwear. Annual seasonal price increases will remain within 3-5%.