Wegmans Tries to Limit Price Increases
Wegmans’ senior vice president of consumer affairs, Mary Ellen Burris, attributed the retailer’s higher prices to rising input costs.
December 4, 2007
ROCHESTER, N.Y. — Wegmans’ senior vice president of consumer affairs, Mary Ellen Burris, attributed the retailer’s higher prices to rising input costs. “We’ve tried to hold back as long as we could on increasing the retail prices, and that’s why some of our increases are so large,” she said in her latest column. “We want to assure you that we remain committed to prices consistently low relative to other stores in your area. All retailers are facing the same challenges in markets like this — and there are no signs of it slowing down.” Burris’ column was prompted by a shopper’s suggestion that Wegmans’ “consistent low prices” signs be changed to read “consistent rising prices.” Burris specifically pointed to the rising cost of wheat, corn and oil. “There is hardly a category in the food business that is not seeing sharply rising costs from our suppliers,” she said.
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