6 Ways to Help Your Business Fight Inflation

LINSEY KNERL | December 6, 2018

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There are quite a few reasons why it costs more to do business this year. A record-low unemployment rate (just above 2% in the most competitive markets) and state and locally-mandated minimum wage hikes have forced employee wages to go up at an amazing pace. Add in some of the strains that businesses are feeling from tariff changes, and it’s likely that any of the sales increases the National Retail Federation predicted for this year may be eaten up by all the extra costs. There’s also inflation, too, which is creeping up a little each day – adding 2.2% to the cost of just ordering typical supplies, like food ingredients and paper. For the business who owes money, debt costs more this year, as well; the Federal Reserve bumped up Prime rates another quarter of a percentage point, making it cost more to pay down what companies already owe. If this all feels like too much doom and gloom, take heart. While the numbers are scary, there is a bright lining. Consumer confidence is up, as well, and people are reacting favorably to some of the new tax cuts and job markets by buying. For the company with something to sell, it can be enough to really turn things around (or at least stop some of the bleed from all of those other costs we mentioned.) There are also some small changes you can make to help your bottom line in a big way.

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Peacock Alley

Peacock Alley has designed and imported luxury bedding and linens for over forty years. Our team has scoured the earth for the finest mills, artisans and textiles to create a collection of linens that inspire a long tradition of making the bedroom a place of comfort, peace and happiness. Peacock Alley luxury linens are distributed through four business channels: retail, wholesale, hospitality, and private label.

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