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Reuters
Spice maker McCormick sees ‘pushback’ from retailers on price increases -CEO
McCormick & Company Inc is looking to hike prices on its spices and hot sauces at retailers like Walmart Inc and Kroger Co but is getting “pushback” on the increases, CEO Lawrence Kurzius said in an interview with Reuters on Tuesday. Kurzius, speaking on the sidelines of the Consumer Analyst Group of New York conference, said the “pushback on this is in line with the pushback (on) the last round” of price hikes the Frank’s RedHot sauce maker introduced last year. Retailers including Walmart, the world’s largest, have said they are concerned about further price increases from consumer products companies, after largely passing them on following once-in-a-generation levels of inflation.