Kimberly-Clark to Raise Prices in North America for Huggies, Other Brands--update
August 15 2018 - 11:36AM
Dow Jones News
By Aisha Al-Muslim
Kimberly-Clark Corp. is increasing its list prices and changing
package counts in the U.S. and Canada for several brands, including
Cottonelle bathroom tissue and Huggies diapers.
The Dallas-based company is notifying customers of its plans to
increase selling prices across a majority of its North America
consumer-products businesses, Kimberly-Clark said Wednesday. The
increases are to help offset significant commodity cost inflation,
the company said.
The move follows price increases by several consumer-products
makers including rival Procter & Gamble Co., which said last
month it was raising prices for Pampers diapers, Bounty paper
towels and other products in North America.
Kimberly-Clark's percentage increases of mid-to-high single
digits on average will mostly affect Cottonelle, Huggies, Scott
1000 bathroom tissue, Kleenex facial tissue, Viva paper towels,
Pull-Ups training pants and GoodNites youth pants.
The increases on Cottonelle and Viva will occur in the fourth
quarter of this year. Most of the remaining increases will occur in
the first quarter of 2019.
Kimberly-Clark sells products directly to supermarkets,
drugstores, warehouse clubs, department stores and other retail
outlets, as well as distributors, and lodging, office building and
food-service facilities. Walmart Inc. made up about 14% of
Kimberly-Clark's net sales in 2017.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
August 15, 2018 11:21 ET (15:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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