topic Re: Prices going up? in Q Talk

Prices going up?

Magga1234 — Fri, 14 Sep 2018 21:05:39 GMT

Listening to talk of tariffs on China, I expect that prices on the Q will rise since so much of the merchandise is made in China...

Re: Prices going up?

Kachina624 — Fri, 14 Sep 2018 21:25:32 GMT

Here's a news article that includes stats from QVC, that appeared a few days ago.

Click Here

Re: Prices going up?

goldensrbest — Fri, 14 Sep 2018 21:31:18 GMT

Prices have gone up on every day products we need also.

Re: Prices going up?

Nightowlz — Fri, 14 Sep 2018 23:08:57 GMT

This was in the article Kachina posted. QVC took a similar approach in its Q2 2018 earnings call. President and CEO Mike George acknowledged the risk but said tariffs have had a "fairly modest impact" and quantified this as $10 million to $15 million.

The article also states some have already shifted resources from China to Vietnam & other places in the Asian Pacific.

Prices on everything will be going up. What else is new?

Re: Prices going up?

bonnielu — Sat, 15 Sep 2018 00:51:57 GMT

I have seen companies take advantage when the difference is minimal but they raise prices way beyond what is necessary. They use the situation to enhance their bottom line.

In my case I shop for price and if I see something I like I hunt for it until I am satisfied I am getting a good deal.

Re: Prices going up?

Kachina624 — Sat, 15 Sep 2018 01:57:52 GMT

QVC raised many prices overnight on July 1, the date the first tariffs went into effect. They had nothing to do with the products the Q sells; They were simply taking advantage of the belief of the general public that prices were going to go up.

Re: Prices going up?

Spurt — Sun, 16 Sep 2018 16:16:42 GMT

@goldensrbest wrote:
Prices have gone up on every day products we need also.

@goldensrbest @Nightowlz @Kachina624 @Magga1234

I agree its not just tariffs, its increase in wages, increase in benefits costs like medical insurance, gas prices, and other expenditures etc etc.....So prices are going up for various reasons....For example in the grocery store here the locally grown organic produce and other local products they brag about have had price increases, since its local tariffs aren't involved there.....

Re: Prices going up?

Kachina624 — Sun, 16 Sep 2018 06:03:56 GMT

@Spurt. World Economics is such a complex thing with widespread implications, when amateurs dabble in it, they're courting disaster.