Now that gas prices have reached $3.00/per gallon, how many of you plan on
adjusting prices to maintain a profit margin? My assumption is all of our
suppliers will be raising prices soon because it is going to hurt them if
they don't. (They do have to have the items shipped to them in some way.)
UPS charges a gas fee as prices go up so it costs us more money to receive
the items. I just ordered 6 Outer Banks polo shirts for a customer and it
was $15 for shipping. I plan on raising my prices by 5% this weekend to help
the profit margin to cover the extra shipping costs. I was trying to avoid
this but there comes a time that you have to do it to remain in business. I
was wondering if anyone else has the same idea.
