- December 18, 2021
- Posted by: Stratford Team
- Category: Business
EL PASO, Texas (KTSM) – An El Paso business is feeling the effects of inflation but the owner says he wont raise prices ahead of Christmas.
The owner of Lincolns Mini-Mall located at the Outlet Shoppes at El Paso says he’s expecting to lose money as the price of getting products in his store has risen.
“I’ve tried to hold my prices at the same pricing that I had unfortunately obviously when I sell through this stuff replenishing that is going to make it’s going to be a different story I’m going to be forced to probably increase prices,” said Lincoln.
Lincoln says he stocked up on products ahead of the holidays, but anything he needs to replenish costs more now than it did before.
“Some of the items I did have to pay more in shipping because the pricing was going up, but I still maintained my same pricing so that means my profit margin is reduced,” said Lincoln.
UTEP Economic Professor Tom Fullerton expects…
