Marketplace Morning Report for Thursday May 15, 2014
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Food prices are rising but shoppers have settled into a recessionary habit of frugality and are unwilling to pay more for food. How do retailers, stuck between higher prices from their suppliers and a frugal client base, fix their pricing strategy? What other tools are at their disposal in the hunt for profits? Plus, the Navy is providing members of submarine crews with very expensive tablets that do little but let you read pre-loaded books. On a submarine, with little room for a library, not a bad idea maybe.
Retailers are paying higher food prices but passing them on to shoppers is a risk