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Podcast: Retail Today with Bob Phibbs, The Retail Doctor
Episode: How Do I Raise My Prices to Fight Inflation as a Retailer? | Retail Today With Bob Phibbs, the Retail Doctor - Flash Briefing
Description: For many retailers, the new year bought in higher minimum wage laws and a lot of other people are looking at surcharges to try to get their pricing back to where they can be profitable. And I don't want that to catch you off guard. You know, if inflation is rising, you have to think about, maybe I should be raising my prices.
Now, it doesn't mean you raise all of your prices equally, but today, I want you to ask yourself, “Could I selectively raise my prices to keep my overall margins intact?”
And ofte...