And oh by the way, not including energy prices in the inflation index is ludicrous not just because of the price of energy itself. My shipping costs have gone up, and that money has to come from somewhere.
It's yet another argument against heavy discounting. You want a retail profit margin whenever possible because of all the things that can go wrong. Damage, theft, unexpected expenses. Once you start discounting, it's almost impossible to raise prices on your regulars.
Bite the bullet, and stick to regular retail, and let those people who aren't willing to pay 'the freight' go.
I'm mostly going to have to take the hit. Most of my product has a SRP included, and/or a traditional price. When the price of the actual product rises, I still get the same per cent of discount. So, rising prices on the product I carry doesn't really hurt, and sometimes can even help.
But I'm beginning to see that static prices on my product do NOT cover unexpected costs in operations.
I've never run into this before. I was a student in the 70's; not a store owner.
3 days ago