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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
Business
Popular Burger Chain Expected To Increase Prices, Report Says Popular Burger Chain Expected To Increase Prices, Report Says
Popular Burger Chain Expected To Increase Prices, Report Says Customers of a popular burger chain can expect to pay a bit more for their orders, as the company is planning to increase its prices soon.  Shake Shack CFO Katherine Fogertey said customers will have to pay as much as 3% to 3.5 percent more, a higher increase than previous years, according to Eat This, Not That.  The site said the price is expected to change at the end of 2021, and another increase might take place in 2022. The decision was reportedly made to offset the costs of commodities and labor that have risen during the COVID-19 pandemic. Other businesses, such as Chipotl…

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by Nicole Valinote
Business
Chipotle Increasing Prices In Order To Raise Employees' Wages Chipotle Increasing Prices In Order To Raise Employees' Wages
Chipotle Increasing Prices In Order To Raise Employees' Wages Chipotle Mexican Grill is increasing menu prices to cover the costs of raising its workers’ wages, the company announced. Consumers will see price increases of approximately 4 percent at the popular Mexican food chain, with that money being used to increase employees’ paychecks following the company’s announcement that hourly wages for workers would reach an average of $15 by the end of the month. The price hike is likely not to be felt too badly by consumers, with company officials saying that it will amount to quarters and dimes while dramatically boosting their ability to pay employees. …

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by Zak Failla
Business
COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues
Covid-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues Some prominent household items are going to cost consumers more as companies prepare for potential strains on supplies due to a potential second COVID-19 wave. Proctor & Gamble became the latest company to announce that it plans to hike prices between 4 percent and 9 percent on items that include baby products, adult diapers, and feminine care brands beginning in September. Other items, such as Tide laundry detergent and Charmin toilet paper, may also become more expensive, depending on how the country rebounds from the latest surge of the virus. According to Proctor & Gamble CEO J…

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by Zak Failla