Find Your Daily Voice
GO
Tag:
Household Staples
Hartford, CT
On Your Side
Holiday Spending To Drop For First Time In Five Years, Survey Expects
Holiday shoppers are expected to spend less in 2025, marking the first decline since the COVID-19 pandemic, according to a new survey. PricewaterhouseCoopers released its 2025 Holiday Outlook on Wednesday, Sept. 3. The financial firm found that Americans plan to spend an average of $1,552 over the holidays, down 5% from 2024. Gift budgets are taking the biggest hit, dropping 11% to $721, as consumers pull back on shopping amid President Donald Trump's widespread tariffs. "People are going to keep shopping, but with continuing concerns about tariffs and elevated prices (especially on electr…
Hartford, CT
On Your Side
P&G Hiking Prices On Household Essentials As Trump's Tariffs Bite
The company behind popular products like Bounty paper towels, Tide detergent, and Crest toothpaste will soon start raising prices due to President Donald Trump's tariffs. Procter & Gamble will start the price hikes in August as the company expects about $1 billion in added costs from Trump's tariffs during the 2026 fiscal year. P&G revealed the financial impact in its latest earnings report on Tuesday, July 29. The increases will apply to about a quarter of P&G's products sold in the US, Reuters reported. A company spokesperson said prices will rise by "mid-single…
