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Retail Price Hikes Could Be Here for the Long Haul

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

As shoppers head into the new year, they could actually be spending more than usual on specific items, according to retail data analytics firm DataWeave. Not only are consumers seeing fewer products being discounted this winter, MSRPs are up an average of 15 percent, Krish Thyagarajan, DataWeave president and chief operating officer told Sourcing Journal….

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