Retail

Inflation, supply chain delays may not be temporary

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Honoree Hal Lawton accepts award on stage during the 2019 Fashion Scholarship Fund Awards Gala on January 10, 2019 in New York City.

Cindy Ord | Getty Images

Tractor Supply Company has increased some prices in the face of inflation and supply chain constraints, headwinds that the retailer’s CEO said he believes are here for the foreseeable future.

“We have had some moderate price increases across our business. To date our customers have not demonstrated any elasticity or concerns there,” Tractor Supply CEO Hal Lawton said on Friday during an interview at the National Retail Federation’s online conference.

“It’s our obligation to try to keep the prices as low as we can for them, even as we…



Source cnbc.com

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