Paint just got a lot more expensive
CNN
Add paint to the growing list of things that are getting more expensive.
Sherwin-Williams (SHW) announced Tuesday that "demand remains strong" for its paint and other products, forcing the retailer to hike prices 7% beginning in August. The company blamed rising costs of raw materials for the price increases -- a pandemic trend as consumers have changed their purchasing behavior and supply chains have gotten messed up around the world.. Demand for residential paint jobs -- both fixer-uppers and new homes -- has remained strong, and the industrial side of its business has been recovering faster than expected.
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