Cotton Prices Just Hit a 10-Year High. Here's What That Means for Retailers and Consumers - NewsBreak

Cotton prices surged to a 10-year high on Friday, reaching $1.16 per pound and touching levels not seen since July 7, 2011. "In 2011, we needed a prayer meeting," Levi CEO Chip Bergh said about the cotton crisis roughly a decade ago. But today, analysts and experts say many apparel...