Some businesses raising prices ahead of the holidays Business - Businesses HEAD TOPICS

Some businesses raising prices ahead of the holidays

10/22/2022 7:05:00 PM

For almost two decades Dean' s Sweets has been serving the locals and visitors of Portland Maine alongside the dozens of people who order online

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For almost two decades Dean's Sweets has been serving the locals and visitors of Portland, Maine, alongside the dozens of people who order online. As we approach the holiday season, businesses that make most of their revenue in this fourth quarter, are pressured to make some difficult decisions "My husband Dean and I started this business just about 18 years ago and we started it in our home kitchen," said Kristin Thalheimer Bingham, the co-owner of Dean's Sweets.All these years later, they are facing the reality of inflation and many businesses like them are heading into a crucial season for business. Bingham said about 50% of their revenue is made during the holiday season."The supply chain has gotten to be more of an issue recently," said Dean Bingham, the co-owner of Dean's Sweets."Especially in this last eight months, nine months, 2022 everything has just kind of shot up and skyrocketed," Thalheimer said."We were taken a little bit unaware by even just a few months ago. To see that sugar has increased 10% to 15% last spring and then it increased again over the summer, same with chocolate." Read more:
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As the country with the largest number of nuclear weapons, Russia has repeatedly cautioned the West that any attack on its territory could trigger a nuclear ... Read more >> France, Germany spar as frustrated EU leaders hold energy talksAgreement reached 'to work on measures to contain energy prices for households and businesses,' says European Council’s Charles Michel, as countries meet to discuss gas prices pushed skywards by Russia-Ukraine conflict. Triple Citrus Creamsicle PieSweet, sour, creamy, no-bake, and make-ahead: This is the perfect pie for the holidays and beyond. This tweet from is retweeted via foods_HQ which tracks selected cooking related handles and retweets them 24x7. Follow to be always up to date with everything happening in the food world. Retweet and spread the word. Turkey prices up 73% compared to last year due to factors like the bird fluTurkey businesses dealing with cases of the bird flu are having their production for the holiday season impacted as the cost of turkey rises at grocery stores. What is the definition of hyper inflation? To bad turkey season is in spring The Biden flu….also called inflation….but sure, my lies from the media. Small Business Owners Are Getting a Head Start on the HolidaysAmid economic uncertainty, many small business owners are preparing far earlier for the holidays to combat any supply chain delays and shortages that may impact their sales. Axie Infinity Shards price drops sharply ahead of early investor token unlockThe price of Axie Infinity Shards (AXS), the primary token of Axie Infinity, has declined sharply ahead of a high-profile token unlocking. Put Kroger and Albertsons merger plan under a Senate microscopeFrom CSTopinion: Given the escalating price of groceries and the amount of food insecurity locally and nationally, a Senate subcommittee should move ahead quickly with hearings on the Kroger and Albertsons merger plan, writes the CST Editorial Board. PORTLAND, Maine — For almost two decades Dean's Sweets has been serving the locals and visitors of Portland, Maine, alongside the dozens of people who order online.France repatriates dozens of children, women from Syria camps Fast News Agreement reached"to work on measures to contain energy prices for households and businesses," says European Council’s Charles Michel, as countries meet to discuss gas prices pushed skywards by Russia-Ukraine conflict.?.CNBC. "My husband Dean and I started this business just about 18 years ago and we started it in our home kitchen," said Kristin Thalheimer Bingham, the co-owner of Dean's Sweets. All these years later, they are facing the reality of inflation and many businesses like them are heading into a crucial season for business. (AFP) EU leaders have reached an agreement on a "roadmap" aimed at putting in place measures within weeks to shield European consumers from soaring energy prices. Bingham said about 50% of their revenue is made during the holiday season. "The supply chain has gotten to be more of an issue recently," said Dean Bingham, the co-owner of Dean's Sweets. The bloc's 27 member states have been squabbling for months over which joint initiatives to adopt, riven by the fact that energy mixes in the countries vary greatly. "Especially in this last eight months, nine months, 2022 everything has just kind of shot up and skyrocketed," Thalheimer said. Wild birds can carry HPAI A(H5N1). "We were taken a little bit unaware by even just a few months ago. One step in that would come next week with a meeting of EU energy ministers in Luxembourg. To see that sugar has increased 10% to 15% last spring and then it increased again over the summer, same with chocolate." That's along with other items like cocoa, butter, cardboard, packaging and shipping materials. The published text calls on the European Commission and EU countries in the coming weeks to find ways to shield consumers from the high prices "while preserving Europe's global competitiveness. It's all making them question if it's time to raise their prices. "I think we're going to take another good look at it as we head into the holiday season," Thalheimer said.. They say it's not something they want to do. Thalheimer worries a rise in prices could change that and cause people to skip purchasing that chocolate gift. European Council President Michel said, "the energy crisis represents a threat to the internal market" of the EU and stressed that "maximal coordination" was needed to protect it. "I'm as aware as anybody else about inflation and I hate to be one of the contributors but on the other hand if all of my costs are going up I cannot afford to stay in business if I'm not recouping my costs and making a little money for myself," Dean said. They've tried to ease the pain in other ways." READ MORE: MidCat pipeline: Is the French dilemma worsening Europe's gas crisis? Germany almost isolated It came after EU leaders spared over how to ride out Europe's energy shock, with traditional partners France and Germany at loggerheads over imposing a cap on gas prices. "For a long time I thought my mantra was, make more sell more and you sort of make up for the increase in price by volume but we're starting to realize that you can't do that," Dean said. "Volume has costs associated with it too because the more that you sell, the more you need to buy and the more help you need. A spokesperson for Italian premier Mario Draghi said he had "emphasised the urgency of adopting measures which affect prices, such as the introduction of a price cap and a reform of the electricity market." Buying that treat is attached to a sense of happiness they don't want to see disappear and a moment of magic they hope a rise in cost won't ruin. "I've always felt that chocolate was one of those things that you may not buy a pound but you can buy one or two pieces and that's going to help you get through some of the stresses of the other difficult times," Dean said. READ MORE: German hospitals may face closures due to energy crisis: health minister Several smaller economies are furious that the German government will not back a gas cap and for going alone in helping its citizens pay for high prices with a $196-billion spending bonanza. "We are always conscious of the fact that we want to be a place where people can come and get a little gift for somebody and find something nice for themselves so we want to keep it that way," said Thalheimer. Report a typo . But French President Emmanuel Macron warned against Berlin standing alone as the talks began.