00:00As diesel tops $6.15 a gallon, Minnesota retailer leaders warn that those rising prices will
00:06inevitably hit consumer wallets. This as the holiday shopping season looms.
00:10That $6 a gallon spike at the pump is quietly pushing Minnesota supply chains to their
00:15absolute limit, according to Minnesota Retailers Association President Bruce Neustadt.
00:21He says while local stores are currently trying to absorb those expenses,
00:25you might already be paying more for certain items.
00:27Furniture and appliances and building materials, those things that are very obvious that they're
00:33heavy and bulky. However, you know, you think of clothing, electronics, even in some cases
00:39some seasonal merchandise that are imported long distances, you know, you might feel that
00:44pressure a little more.
00:44He says industry leaders will now watch closely to see if these sustained fuel pressures collide
00:49head-on with upcoming holiday sales and specifically Black Friday discounts.
00:54Whether it's higher diesel prices, higher property taxes, higher labor mandates from government,
01:02it's important that people realize grocery stores don't pay these costs. They get passed on to
01:07consumers like any other input cost.
01:10Taylor Rivera, News Talk 830, WCCO.
01:13Taylor Rivera, News Talk 830, WCCO.
01:13Taylor Rivera, News Talk 930, WCCO.
01:13Taylor Rivera, News Talk 930, WCCO.
01:13Taylor Rivera, News Talk 930, WCCO.
Comments