Sport wear industry brews a new round of price increase

The sport wear industry is brewing a new round of price increases. Li Ning’s order meeting for the fourth quarter just conclude by the end of June, average retail prices of its clothing and footwear products increased by more than 10 percent at the meeting, in comparison, its average prices at the order meeting of the first half increased by 8 percent, cost factors have increased prices. In addition, an insider from Anta Corporation says that the company may adjust its prices according to actual situation in the fourth quarter. In fact, as early as the end of March this year, price increase led by Nike caused a number of domestic brands to raise prices, some product prices showed double-digit gains, after two rounds of consecutive increase in price, prices of sport brands have been already higher one by one.