Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year.

Surely raising prices will help them sell more!

  • @murl
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    11 months ago

    You are 100% correct. The actual market response in this case is “prices set to FALL in respose to retail slump”.

    Our media is economically illiterate (or paid to print this crap).

  • @Munkisquisher
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    711 months ago

    Let alone the bullshit credit card charges everyone is charging these days. Especially as The Retail Payment System Act 2022 is now in force capping the price retailers pay to 0.8%

    • @TaubinOP
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      711 months ago

      If it’s capped, how do places like PBTech get away with charging 1-3%? Genuinely curious.

        • @TaubinOP
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          411 months ago

          Thank you that makes more sense. Even if it is asinine.

      • @eagleeyedtiger
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        411 months ago

        At least they offer online eftpos now. So much better than using poli or bank transfer.

      • @Munkisquisher
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        411 months ago

        As long as they don’t claim it’s to cover the costs from credit cards (in that case they can only charge the actual costs) they can add whatever surcharge they want

  • @[email protected]
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    611 months ago

    What the fuck is going on here? It’s almost impossible to have a budget when doing groceries anymore.

    • kurikai
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      811 months ago

      Not because of wage price rises. Its more because investors want to be paid more. The constant “businesses must make more profit year over year”

    • @Viper_NZ
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      511 months ago

      There are plenty of people out there getting rises far below inflation.