Midya's Weblog

The Times is actually upbeat for inflation

Companies Warn That Higher Prices Are Looming
By STEPHANIE CLIFFORD, MOTOKO RICH and WILLIAM NEUMAN

Many big companies, facing higher raw material costs, say they cannot hold off any longer and must raise prices.

This article ends this way,

Prices rose significantly in the apparel sector from 1972 to 1974, driven by labor costs and commodity prices, he said.

“The retailers went on to have a pretty good year in ’73,” Mr. Morris said. “Sales were up, gross margins were flat, and profit margins were up a little bit. Retailers found a way.”

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This entry was posted on February 15, 2011 by in Uncategorized.
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