If petroleum and other raw materials keep rising in price, retailers may have to rethink their general merchandise import strategies
Rising costs for petroleum and other materials are menacing the pipeline of inexpensive general merchandise product from the Far East. While all departments in the store have been impacted by rising energy costs — making shipping more expensive and causing customers to watch their spending — general merchandise categories face a special set of challenges. Much GM is made in China, where costs are rising along with the standard of living, and resources — like electricity — are sometimes in ...
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