Argos Increases its Prices

It comes as no surprise to anyone in retailing that Argos has had to put its prices up in the latest catalogue

Next highlighted back in March that prices would need to increase in the autumn and winter as the pound slumped in value against the dollar

What I did find surprising was that PriceWaterhouseCoopers said that the devaluation of the pound would cost the UK shopper £10bn which is only half of the estimated £20bn additional cost

So who is absorbing the cost? Is it the retailer or the manufacturer?

Here at Best Years we have increased our wholesale prices of new knitted toys by under 5% which is significantly less the price increases we have incurred. However we know that many retailers have not increased their retail prices at all

Other soft toy and teddy bear wholesalers have increased their prices by 15 - 25%. Has this meant that retailers have switched to other wholesalers? Please email us if you have moved supplier due to price increases

Its going to be very interesting to see whether the combination of no Woolworths and increased prices will mean no price wars on toys this Xmas