this post was submitted on 07 Jul 2023
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Prices set to rise as retailers battle high costs and fear of closure (www.stuff.co.nz)
submitted 1 year ago by Taubin@lemmy.nz to c/newzealand@lemmy.nz
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Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year.

Surely raising prices will help them sell more!

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[–] murl@lemmy.nz 11 points 1 year ago* (last edited 1 year ago) (1 children)

You are 100% correct. The actual market response in this case is "prices set to FALL in respose to retail slump".

Our media is economically illiterate (or paid to print this crap).

[–] Taubin@lemmy.nz 6 points 1 year ago (1 children)

Pretty sure it's the latter