Sirius XM Radio raised its prices in January and totally got away with it. Last summer, Netflix tried it and got burned. So what did the satellite radio giant do smarter than the streaming video king?
Colgate-Palmolive, stung by higher costs, saw fourth-quarter net income decline more than 5 percent but said Thursday that it had raised prices in North America for the first time in two and a half years.
Retailers forecast that 2011 will be a year spent dealing with inflation, expanding stores and trying to wean shoppers off their markdown habit. Faced with rising costs that are pushing their prices higher, merchants say they have to focus on growing sales, regardless of the economic pressures.
Companies facing soaring commodity prices must decide whether to pass these increases on to their consumers.
