More Businesses Warn Of Price Hikes

NASSAU, BAHAMAS – More businesses are warning their prices may increase slightly in the future. However Lowes Wholesale and CBS Bahamas say the goal is to keep prices as low as possible.

Berthony McDermott reports.

Lowes Wholesale Managing Director William Cash, says while the company is trying to refrain from increasing prices, consumers can expect up to a 9% jump in prices.

Earlier this week, Super Value Chief Financial Officer Debbie Symonette said there seems to be no end in sight for increasing grocery store prices.

She added the company itself has been experiencing price hikes from its suppliers.

Cash said they too have received notifications of increases.

Under the emergency orders, Lowes was permitted to operate as it was considered an essential business, Despite doors remaining open, its profits took a hit.

CBS Bahamas Manager of E-commerce and Online Sales Brent Burrows says they’ve not seen an increase in retail items.

However, the same cannot be said for their high-end products. 

Both businesses say they’re looking to keep prices as low as possible.