Dear Valued GEM Sports Customer,
As you have most likely heard and read, textile costs in the U.S. and overseas have increased dramatically over
the past 12 months. Fabrications, especially cotton prices are increasing on a monthly basis. The worldwide
demand for cotton continues to run well behind production, consequently prices will continue to rise. In the year
2010 cotton costs increased in excess of 100%.
Polyester prices, which are oil based product, continue to rise as well. I am sure you see the increase at the local
pump for gasoline. Every industry is competing for oil, consequently demand is driving price increases.
With the floods in Pakistan and terrible weather in China, the volume of cotton grown in 2010 was well below
expectations. The effect from Mother Nature combined with increased labor and transportation costs have also
become a factor driving prices upward.
For some time now GEM Sports has been resisting these increases from its suppliers. In some cases we have
been absorbing increases without passing them on to you. Unfortunately we can no longer hold our current
prices and continue to absorb these increases. As result of all these cost increases GEM Sports will be
implementing price adjustments effective February 15, 2011.
Thank you for understanding and your continued support. GEM Sports commitment to quality products,
competitive value and consistent quality remains our # 1 objective.
Sincerely,
The GEM Sports Team
As you have most likely heard and read, textile costs in the U.S. and overseas have increased dramatically over
the past 12 months. Fabrications, especially cotton prices are increasing on a monthly basis. The worldwide
demand for cotton continues to run well behind production, consequently prices will continue to rise. In the year
2010 cotton costs increased in excess of 100%.
Polyester prices, which are oil based product, continue to rise as well. I am sure you see the increase at the local
pump for gasoline. Every industry is competing for oil, consequently demand is driving price increases.
With the floods in Pakistan and terrible weather in China, the volume of cotton grown in 2010 was well below
expectations. The effect from Mother Nature combined with increased labor and transportation costs have also
become a factor driving prices upward.
For some time now GEM Sports has been resisting these increases from its suppliers. In some cases we have
been absorbing increases without passing them on to you. Unfortunately we can no longer hold our current
prices and continue to absorb these increases. As result of all these cost increases GEM Sports will be
implementing price adjustments effective February 15, 2011.
Thank you for understanding and your continued support. GEM Sports commitment to quality products,
competitive value and consistent quality remains our # 1 objective.
Sincerely,
The GEM Sports Team
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