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Some household items are about to cost more.
The US manufacturer Church & Dwight Co. recently raised prices for 30% of its products, including Arm & Hammer baking soda and cat litter, OxiClean products, Pampers and Huggies diapers, and Charmin toilet papers. Scott, among others, the Wall Street newspaper reports.
Matthew Farrell, CEO of Church & Dwight, said last week that the company was in talks with retailers to raise prices for other products, including personal care items.
Some of the 2019 price increases are expected to be in the company's gross margin, which was lower than last quarter's forecast due to rapid growth in household activity and US tariffs impacting raw material costs. of transportation, reports Associated Press.
Competitors responded to Church & Dwight's price hikes by raising prices, Wells Fargo Securities badyst Bonnie Herzog said. WSJ.
The company is also introducing new products that it expects to generate new growth in 2019. Among its other products are more Arm & Hammer cat litter options, new detergents for OxiClean laundry. and the first dental floss combination. "Innovation continues to be an important driver of our success," Farrell said, according to the AP.
But some consumers are not willing to pay more. Tyler Aftab, a 35-year-old teacher from New Jersey, told the Newspaper After seeing a rise in prices at Charmin and Bounty when shopping at Costco, he instead bought the Costco brand.
"I'm a fairly loyal consumer of Charmin, but I will not pay $ 23 for the pack. I will wait for these prices to fall, "he said.
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