Word: price
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...measure. But this year has taken a big bite out of the company's profitability. Cost inflation of close to 10% in 2008 means each bag of chips has cost Pepsi more to produce, even as belt-tightening consumers resist paying more for their food. Earlier this year, skyrocketing prices for corn, rice, wheat, vegetable oils and other key ingredients further added to core expenses, shrinking Pepsi's margins. Even packaging and delivery costs have risen. In response, CEO Indra Nooyi recently announced that the company would lay off 3,300 of its 185,000 workers and close six manufacturing...
...People post wish lists while deal hunters (anyone can serve as one) search the Net to find the best bargains for those items. The results are then rated by the site's Deal Rank software. If the person ends up buying an item, the deal hunter who found the price gets a small percentage of the commission. "People are leveraging other people to determine if deals are good," says Wehuns Tan, CEO of Wishabi. Adds Resource Interactive's Rollins: "The retailer that accepts that social media can be a revenue driver is the one who is going...
...were even higher than last year’s figures, their costs had risen dramatically in recent months.“The costs side is out of wack, it’s through the roof,” said b.good co-founder Jon Olinto, who noted that the price of beef had risen from $3.25 per pound to over $4 in the course of three months. “Even though it only seems like 80 cents, that stuff adds up really, really quickly—a burger isn’t just the beef. We work on low margin...
...said D'Arcy Kemnitz, executive director of the National Lesbian Gay Law Association. Longtime gay rights advocate Dean Trantalis of Fort Lauderdale, Fla., and others on the conference call expressed concern that the gay rights movement had become too focused on marriage, and is now paying the price in other more critical areas. "Marriage was never our issue," Trantalis said. "It was thrust upon us by the other side, and they've done a very good job of beating us up over...
...Another worry that goes hand in hand with stimulus packages like this one is the possibility of stoking inflation. For the moment, though, Beijing can breathe easy on that issue. After wrestling to control rising inflation over the past 18 months, the government reported recently that China's Producer Price Index "declined sharply to 6.6% year-on-year in October, from 9.1% in September," Ulrich of JPMorgan wrote in her report. She noted that the Consumer Price Index, which will be released this week, will also moderate further from last month's level of 4.6%, which was the fifth successive...