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The company attributed the change mostly to dramatically increased materials costs for the apparel division, resulting from higher cotton prices across the board. "Our apparel raw material cost, on a comparable basis, was up approximately 50 percent, with continued increases expected over the next six months as the impact of the higher priced cotton makes its way through inventory," said Keith Walters, chairman, CEO and president of Ennis, in a press release.
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- Companies:
- Alstyle Apparel
E
Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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