Saturday, May 16, 2009

Chocolate, running shoes, and Spam sales are recession busters!

  •   By DEB RIECHMANN, Associated Press Writer
  •   Sat May 16, 12:27 pm ET
  • It's not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves.

    Sales of chocolate and running shoes are up. Wine drinkers haven't stopped sipping; they just seem to be choosing cheaper vintages.

    Gold coins are selling like hot cakes. So are gardening seeds. Tanning products are piling up in shopping carts; maybe more people are finding color in a bottle than from sun-worshipping on a faraway beach.

    Strong sales of Spam, Dinty Moore stew and chili helped Hormel Foods Corp. post a 6 percent increase in first quarter sales in its grocery products unit.

    Consumers have trimmed household budgets and postponed buying cars, major appliances and other big-ticket items. Yet they still are willing to shell out for small indulgences and goods that make life more comfortable at home, where they are spending more time.

    Read the rest of the story here.

    Photo via AP and is from a recent promo ad by Hormel Company.

    The following links are being provided to you to so that you can track all information sources used in the article.

    National Sporting Goods Association

    Information Resources Inc.

    Mintel International

    National Gardening Association

    W. Atlee Burpee

    The Wine Institute


    Leo J. Shapiro & Associates


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