Citing a 13-year high in the price of its coffee beans, plus “significant volatility” in other ingredients like dairy, Starbucks last week said it plans to raise prices on certain “labor-intensive and larger-sized” beverages. The
small tall coffee will remain at its current price for now, says the company. I wonder if those truncated menus the company introduced a few weeks ago were really about hiding the least expensive option from consumers, especially since it isn’t being included in the price hike? [More]
Well, we’ve been saying it would be more honest to just raise prices instead of shrinking the product, and Hershey has taken us up on that. On Friday, only months after a 13% hike back in February, Hershey announced a price increase of 10-11% across the product line, citing higher costs for ingredients.
[It is] definitely on the table. That is something we’re looking at . . . in the future for us. We’re looking at doing some experiments. Obviously one way [is that] you can start selling things for $1.05, $1.09, $1.15 and other ways. You could have more of a break between your 99 cents price point and the next price point.”
Delta announced today that it’s doubling the fee for a second checked bag from $25 to $50, effective on new bookings starting July 31st for all travel after August 5th. Got a third, fourth, or fifth bag and a lot of money to burn? Fees for those will rise from $80 per bag to $125 each.
Reuters has a wrap-up of some of the wackier gas-related stories of recent weeks, including the Nevada Brothel’s free-gas-card offer, a church that’s holding a weekly $50 gas card drawing during mass, and an Orlando father who pledged to name his baby after local radio hosts in order to collect a $100 gas card. There’s also some gas thieves in Mesquite, Texas, who are siphoning from church vehicles, but that’s not so much a “wacky stunt” as a type of criminal “preemptive charity.” (“”All he had to do was come and ask us and we would have bought him a tank of gas,” said the pastor of one church.)
Brian writes in to let us know that Southern Skyways has fallen partially victim to soaring fuel costs: