Visiting Spruce Street Harbor Park is like a mini getaway in the city, but an owner at the park says the fun and shade are no escape from growing economic pressures. MarcellaBaietto reports.
The current economic landscape is leaving business owners to consider tough decisions — raise prices or cut back on employees.
McGill owns the stand French Toast Bites at Spruce Street Harbor Park. She hasn’t had to raise prices yet, but she says the cost of her supplies has gone up. “We haven’t raised our costs yet and I haven’t cut our staff’s hours yet or anything like that yet,” McGill said. “We’re navigating through the inflation.”“I think we’re about a season away from upping the cost just a little bit because we still have to function,” McGill said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks, oil prices higher before likely US interest rate hike to cool surging inflationThe Federal Reserve on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple its usual margin.
Read more »
Don’t Expect Big Consumer Brands to Lower Prices SoonThe makers of Coca-Cola, Dove shampoo, Huggies diapers and other global brands said they would keep raising consumer prices to cover the impact of inflation on their running costs WSJWhatsNow
Read more »
Lower commodity prices hit Rio's bottom line
Read more »
Walmart to slash prices as inflation harms consumer purchasing powerIn a Monday update, Walmart revealed that it will continue to lower prices for general merchandise as inflation causes consumers to tighten their purse strings.
Read more »
Meta raises VR headset prices $100The company cited rising costs for the unusual move, which could make its metaverse push harder.
Read more »
Koenigsegg Wonders How Hypercars Can Justify Their Prices In An Electric Age | CarscoopsIn a world where an electric sedan can hit 60 mph in two seconds, what does an electric hypercar have to do to make an impact?
Read more »