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Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585
Grilled cheese, tacos, hot dogs and more will likely be served by food trucks at the Royal Wedding this Saturday.Millennials Meghan Markle and Prince Harry have planned a huge celebration for their nuptials in England, and American comfort foods are rumored to be on the menu. There will likely also be late-night snacks available after the day-long celebratory events. 387

Good news and bad news from the IRS this July.The good: the agency reopened for business as of July 13th, which means it is now taking phone calls and processing tax filings as quickly as possible.The bad: during a year when every dime counts, the agency says as many as 4.7 million tax refunds will be delayed another few months.Cristy Mack is one of them. She and her husband never wait to file their taxes because she depends on her refund.But like almost five million other people, they still file paper returns because they are most comfortable doing that."We mailed our paper forms at the end of February," she said.But five months later, Mack still doesn't have her refund."A total of 18 weeks have gone by since we mailed in our return," Mack said.She tried calling the IRS, she says, but like countless other taxpayers, ran into a brick wall."They say they aren't taking calls at the moment," she said.Why refunds are taking so long this yearThe IRS's national taxpayer advocate now says as 4.7 million people who filed paper returns will have very late refunds.That's because the agency furloughed thousands of workers this spring and stopped processing paper returns for two months, creating a huge backlog.Paper processing has restarted, but workers are far behind.Mack needs her tax refund badly."It means a lot to us," she said. "Especially with everything going on, and my husband's job has been really slow, and we are making less.We passed Mack's information on to the IRS, though it may not make a difference if her return is buried in a stack of thousands."When you rely on that as part of your income and it's not there, it does make things a little sketchy sometimes," she said.And with the IRS extending the tax deadline to July 15 this year, even more paper returns are about to be added to the stack.If you are still waiting for your refund, all you can do is log on the IRS website, go to the "Where's my Refund" section, and cross your fingers.As always, don't waste your money.Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com. 2296
Honored to have served @realDonaldTrump and the American people during these difficult times. pic.twitter.com/xT1hRoYBMh— Scott W. Atlas (@ScottWAtlas) December 1, 2020 176
Hard seltzers pair well with pizza, and for one day only, a nationwide pizza chain will be serving hard seltzer in their pizza. Blaze Pizza is offering a White Claw-infused crust on Thursday, June 18 at more than 50 locations. (See below for full list)Mango White Claw will be added to Blaze's signature dough recipe to create the one-of-a-kind crust at no extra cost, that can be topped with any combination of toppings.“Like our pizzas, White Claw is crafted with simple and clean ingredients, and the brand has an irreverent attitude. While sipping on a Mango White Claw, I thought, ‘Why not make dough with this instead of filtered water?’” read a statement from Blaze Pizza executive chef Brad Kent.The White Claw-infused crust is only available in-restaurant, it will not be available for online or app orders, according to Blaze.White Claw has quickly risen in popularity since it was launched in 2016, leading a growing hard seltzer market, according to Nielsen data. Hard seltzer sales at liquor and grocery stores increased more than 300% between 2018 and 2019.Last fall, the company, Mark Anthony Brands, faced a shortage to meet the growing demand. “White Claw has accelerated faster than anyone could have predicted,” Sanjiv Gajiwala, White Claw's senior vice president told CNN Business at the time.Blaze Pizza locations serving Mango White Claw-infused crust:Albany, NY - Western Ave.Alhambra, CA - GarfieldAmes, IA - ISUAmmon, ID - Sandcreek CommonsArcadia, CA - W Naomi Ave.Azusa, CA - Alosta Ave.Boca Raton, FLBrea, CA - Imperial HwyBurbank, CA - Burbank EmpireChicago, IL - BelmontChicago, IL - Loyola UniversityChicago, IL - OntarioChula Vista, CA - Otay Ranch Town CenterClaremont, CA - Indian HillDavie, FLDavis, CA - F StreetDes Moines, IA- MLK Jr PkwyDurham, NC - McFarlandEl Paso, TX - Fort BlissEncinitas, CA - El Camino RealFort Lauderdale, FL - Cypress CreekFullerton, CA - Orangefair MallGarner, NC - Cabela Dr.Glendale, CA - Glendale GalleriaGlendora, CA - Lone Hill Ave.Gold River, CA - Golden Center LnHolly Springs, NC- Grand Hill PlHollywood, CA - Sunset Vine TowerHuntington Beach, CA - GoldenwestIrvine, CA - UCIJacksonville, NC - Gateway MarketplaceJupiter, FL - Sims Creek PlazaLa Verne, CA - Foothill Blvd.Monrovia, CA - Foothill BlvdMorrisville, NC - Market Center DrNiles, ILNorth Hollywood, CA - Victory Blvd.Orange, CA - Glassell StOrange, CA - Tustin St.Palm Beach Gardens, FLPanorama City, CA - Van Nuys Blvd.Pasadena, CA - Colorado BlvdPasadena, CA - N. Fair OaksRoseville, CA - Highland ReserveRoyal Palm Beach, FLSan Diego, CA - Balboa AveSchenectady, NY - Balltown RoadSouth Pasadena, CA - Fair Oaks Ave.Thousand Oaks, CA - Thousand Oaks Blvd.Tinley Park, ILTwin Falls, ID - Fillmore St.West Boca Raton, FL - State Road 7West Des Moines, IA - Galleria @ Jordan's CreekWest Des Moines, IA - Valley West MallWest Kendall, FL - London SquareWilmington, NC - Renaissance MarketYorba Linda, CA - Imperial HwyMust be 21 years of age or older to purchase White Claw beverages. Valid state or federal ID must be presented at the time of purchase. 3095
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