BOSSES of a popular grocery chain have issued a blistering warning as shoppers watch whether retailers will hike prices.
Stop & Shop chiefs have admitted grocers battle “razor tight margins” and revealed the factors that may cause customers to pay more for their items.
AlamyShoppers are bracing for potential price rises (stock)[/caption]Roger Wheeler, the CEO, revealed that theft is one of the measures that could cause prices to rise, as reported by Boston Globe Media.
Execs also have to consider the impact of energy prices, which can fluctuate, as well as any problems in supply chains.
Wheeler also admitted that the international and geopolitical context can also influence whether prices go up or down.
But, one factor that doesn’t influence prices is a neighborhood’s characteristics, per the CW affiliate KTLA-TV.
The exec also shared details regarding the company’s pricing strategy.
He predicted that prices at Stop & Shop locations in Massachusetts by the end of the year.
Bosses have reportedly been working for a year to lower costs for everyday shoppers.
Stop & Shop is predominately based in the northeastern US and its portfolio includes more than 350 stores.
Shoppers are waiting to see how retailers are preparing to respond to Donald Trump’s tariff agenda.
Trump ordered Walmart chiefs to “eat the tariffs” after retail bosses admitted that customers will see some price rises.
“I’ll be watching, and so will your customers!!!” Trump warned in a Truth Social post.
Execs also mapped out a timetable and said the hikes could come into effect by June.
Walmart chiefs have responded to Trump’s order.
“We have always worked to keep our prices as low as possible and we won’t stop,” Walmart spokesperson Joe Pennington vowed.
“We’ll keep prices as low as we can for as long as we can given the reality of small retail margins.”
What items will be affected by the tariffs?
AMERICANS should prepare to see significant prices changes on everything from avocados to cars under President Donald Trump's new global tariffs.
Here is a list of some of the everyday products that could see a massive price tag surge.
Coffee Tea Bananas Foreign-made cars Sneakers Furniture and other home goods Pharmaceuticals Video games Clothing Toys Washers and dryers Avocados Housing materialsJohn Rainey, Walmart’s chief financial officer, warned Trump’s tariffs are more than what a grocer can absorb.
Kevin O’Leary, a Shark Tank investor, also issued a blistering warning to the president.
“This idea that the president says, ‘Listen, retailers, eat the tariffs.’ That’s not going to happen,” he told NewsNation.
While Walmart has admitted there will be price hikes, Home Depot bosses appear to have taken a different stance.
“We do not see broad based price increases for our customers at all going forward,” Billy Bastek, the executive vice president of merchandising for Home Depot, said.
Bosses also revealed that they could discontinue some items moving forward.
“There are items we have that could potentially be impacted from a tariff that, candidly, we won’t have going forward if it doesn’t make sense inside the line structure,” Bastek admitted
AlamyWalmart bosses have admitted that there will be price rises[/caption] Read More Details
Finally We wish PressBee provided you with enough information of ( Stop & Shop issues dire warning as stores are forced into new security measures – it affects what customers pay )
Also on site :