• Mongostein@lemmy.ca
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        1 year ago

        “We have not seen any material reaction from consumers,” P&G CFO Andre Schulten said. “So that makes us feel good about our relative position.”

        There it is folks. Straight from the horse’s mouth. They won’t do what’s in the best interest of humanity without “material reaction” (ie; an arsonist or maybe even something more extreme.)

      • IverCoder@lemmy.world
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        1 year ago

        Not an American, isn’t there a limit on how you can raise prices? At least in my country we have "SRP"s (suggested retail price) and whoever exceeds that will need a good reason to do so, and simply citing theft will not be an enough reason.

        • Wilziac@lemmy.world
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          1 year ago

          We have the MSRP (Manufacturer Suggested Retail Price), but that’s not given for every product, but more importantly it’s exactly what it sounds like; a suggestion. There’s no governing body to make sure stores are in line with MSRP.

    • LetMeEatCake@lemmy.world
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      1 year ago

      If they concluded that they could raise prices to increase profit, they’d do so regardless of theft rates. Those are separate issues.