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Toys and cheap furniture are among consumer goods that could get more expensive in the coming months as retailers continue to grapple with surging shipping costs.
According to experts quoted in a Bloomberg report, low-cost and bulky goods are more vulnerable to price hikes: They take up more room on a shipping container and have thinner margins to absorb rising costs.
Gary Grant, founder of UK toy shop The Entertainer, told Bloomberg that in his 40 years in the industry he has “never known such challenging conditions from the point of view of pricing.”
Grant said that details ⇒
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