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Proctor & Gamble Plans Price Hikes For These Products Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble Plans Price Hikes For These Products Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…

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by Nicole Valinote
Business
COVID-19: Shortages Of Meat, Eggs Could Be Coming, Supermarket CEO Says COVID-19: Shortages Of Meat, Eggs Could Be Coming, Supermarket CEO Says
Covid-19: Shortages Of Meat, Eggs Could Be Coming, Supermarket CEO Says A shortage of meat and eggs could impact supermarkets as the COVID-19 pandemic continues to cause supply chain issues, according to the CEO of a grocery store chain.  John Catsimatidis, the CEO of supermarket chain Gristedes Foods, told Fox News that the Omicron variant is taking a toll on the supply chain. "What we're seeing the Northeast is price increases," he told the news station. "The prices of eggs are going up, the price of poultry the price of beef, all across the board, because they're supplying the product but increasing the prices to try to control the demand." The Wa…

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by Nicole Valinote
Business
Dollar Tree Announces First Permanent Price Increase In Decades Dollar Tree Announces First Permanent Price Increase In Decades
Dollar Tree Announces First Permanent Price Increase In Decades Dollar and a Quarter Tree? For the first time in more than three decades, Dollar Tree announced that it will be increasing the prices for most of its items up to $1.25 as the country contends with surging inflation rates. In recent years, dollar stores have been veering away from that moniker, with many upping prices to as much as $3 or $5 for some items. The new prices are expected to be rolled out to each of the company's 8,000 stores by early 2022 after the company tested higher-priced items for months, to which officials said there was a “positive customer reaction,” after attempting…

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by Zak Failla
Business
PepsiCo May Raise Prices Amid Supply Chain Issues, Report Says PepsiCo May Raise Prices Amid Supply Chain Issues, Report Says
PepsiCo May Raise Prices Amid Supply Chain Issues, Report Says PepsiCo may increase prices amid the ongoing global supply chain issues, according to a new report. Reuters reported on Tuesday, Oct. 5, that the corporation's chief financial offer shared that a shortage of cans and bottles in the past few months, along with rising demand, has impacted PepsiCo. Earlier report - COVID-19: Cargo Ships Piling Up At US Ports Amid Supply Shortages For Businesses Issues such as labor shortages and rising demand for certain products during the pandemic have impacted businesses across the country and led to product shortages in some stores. Dozens of cargo s…

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by Nicole Valinote