Thursday, February 24, 2011

Wegmans will freeze prices - increase prices through 2011

Wegmans will freeze prices - increase prices through 2011 : ROCHESTER, N.Y. - Wegmans Food Markets said it will not increase prices through 2011 on 40 products that families buy most.

The 40 products, many of which are Wegmans brand, include such items as orange juice, canned coffee, cereal, bananas, red peppers, pasta and sauce, chicken, ground beef, salmon, tilapia, tuna, frozen pizza, frozen vegetables, and deli ham and turkey.

Wegmans said in a news release it makes this move as much higher costs for soy-, corn- and wheat-based ingredients in food products, as well as feed for livestock, are pushing up production costs. Fuel costs to transport products are also rising - which puts additional upward pressure on prices.Read More...
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