Business
Government Calls on Retailers to Prioritize Price Containment Strategies Amid Concerns - Full Story in eNATION Edition
Government expresses concern over retailers' pricing practices. Minister Symmonds urges responsible pricing strategies. Ministry of Commerce directed to assist consumers in finding best prices. Mixed outcomes observed in Barbados distributive sector.
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Originally published by nationnews.com (opens in new tab)
Government is concerned that certain retailers are not doing their best to contain prices.
Minister of Foreign Affairs and Foreign Trade Kerrie Symmonds, who is Senior Minister with responsibility for the Productive Sectors, is urging retailers to act responsibly in their pricing strategies.
He revealed that one of the key outcomes from a recent Cabinet meeting was the directive for the Ministry of Commerce to enhance its efforts in assisting consumers to locate the best prices.
“There is clear evidence to us that prices are being contained by some parts of the Barbados distributive sector, that they are keeping prices at realistic and very low levels. And then there are other people who are being very cavalier with the public,” he said, without identifying the latter. (CLM)
