Sunday, July 27, 2008

Inflation Coming Near You

We all know that food and fuel prices have jumped, but other commodity prices will jump soon if they haven't already.

Manufactures are increasing their prices, and though many retailers are trying not to pass them along may give in soon. Many stores are not happy about this, as they know that consumers will consume even less than they're now. Which is even worse news to the ears of retailers.

Either way they'll have to take a risk:
1-If they don't rise their prices, retailers will lose money.

or

2-They rise their prices and lose consumers.

I have already seen tons of stores close because of this, and I predict that many more will. The only ones that might have a standing chance, are the ones who delay the price increases.

Has it impacted the stores near you?

Read more here

1 comments:

shopinchic said...

They're damned if they do(raise prices),and they're damned if they don't.