four Retailers That Are Elevating Costs in 2022
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Inflation is everywhere and buyers are seeing prices rise everywhere. While some retailers are trying to sneak these price increases past their customers, other stores are more transparent.
In fact, a handful of retailers have flat out declared that they are raising prices. So there is no excuse for surprise if you have to dig a little deeper into your wallet the next time you shop at the following retailers.
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The famous and popular seller of ready-to-assemble furniture is increasing its prices.
In a recent press release, the Ingka Group – to which Ikea belongs – announced that prices will rise “in the Ingka Group’s markets” in 2022, with an average increase of around 9% worldwide. The exact increases will vary from market to market depending on factors such as raw material and supply chain issues in the local community.
In a press release, Tolga Oncu, Retail Operations Manager at Ikea Retail says:
“We are taking this difficult step right now in order to live up to our claim to enable the many people to have a better everyday life, to ensure our competitiveness and the resilience of our company. However, affordability will always be a cornerstone for us. “
For more options, see “4 Ways To Save More Money At Ikea”.
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The clothing retailer says it tested for three months to see which product categories customers are willing to spend more on.
In an interview with CNBC, Jeff Gennette, CEO of Macy, says:
“We have clearly gone through these inflation cycles before, so we have a lot of experience with them. And with fashion you can sometimes pass it on and get a higher ticket and a higher sales price. “
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CNBC reports that this lingerie chain is increasing its bras and underwear prices. The move has already resulted in higher income.
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In a well-published – and heartbreaking for the thrifty – decision last fall, Dollar Tree announced it would raise the price of “a large portion” of items sold by $ 1.25.
The retailer notes that it has held its prices at $ 1 for 35 years. But Dollar Tree says the streak is over and the decision to move to a higher price point is “permanent”.
Some Dollar Tree stores are already charging $ 1.25 for items, and the rest of the nationwide stores will follow suit by the end of the first quarter.
To keep your costs down despite the increases, see How To Beat Dollar Store Price Inflation.
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