Shoppers may be facing galloping inflation, but if it weren't for the nationwide labor shortage making it difficult for stores to find workers to mark prices higher, it might be even worse.
That’s largely because it’s still a manual process in stores, especially for chains that have thousands of products across thousands of stores. Retailers, restaurants and other companies are still trying to hire 11.4 million people, even with 6 million unemployed workers, according to the latest government data.raising hourly wages
“We can help retailers understand where they’re wasting effort,” said Matthew Pavich, Revionics’ senior director of retail innovation. When Walmart institutes a rollback on an item, it typically likes to hold that price for 90 days as part of its promise to offer “everyday low prices.” “You want to maintain some consistency,” said Chad Yoes, former VP of pricing for Walmart US.
thoughtfulstonr
What kind of bull$hit is THIS?
It's rather interesting that there's never a shortage of employees whose job is to raise the price.
This makes no sense
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