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CBC: Challenging 2011 holiday season ahead
14 September 2011
A survey from Capital Business Credit has identified rising raw material and production costs which may result in 10-15% consumer price increase.
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Capital Business Credit
CBC
A new survey of consumer goods manufacturers and importers shows that the dual trends of weak inventory sales and rising prices paint a dark picture for the upcoming holiday season. As of July 31, 2011, during which time most holiday orders are placed:
· 83% expect prices of consumer goods to rise this holiday season, with one-third saying prices could rise as much as 10-15 percent.
· To deal with the rising cost of goods and the gloomy economic outlook, 89.4% expect retailers to rely heavily on discounting to move merchandise.
· 64% of manufacturers and importers reported that retail orders are the same, or less, as compared to 2010.
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