Word: demottes
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...Nielsen's list. This suggests that consumers are trying to increase the shelf life of their food purchases so they don't have to head back to the store. "There's a segment of the population returning to the habits that my parents and grandparents had," says Tom DeMott, 56, chief operating officer of Encore Associates, a consumer-goods advisory firm. "They're canning and freezing products just so they can save a few bucks." (See which businesses are doing well despite the recession...
...include discretionary items. Cookie and ice cream cone sales dropped 9.7%; people can do without dessert, and further, the boom in baking supplies shows that more people are making treats at home. Bottled water was down 11%, but that makes sense. "What's the economical substitute for that?" asks DeMott. "It's called a tap." (See Real Simple's saving and budgeting tips...
...categories rounding out the bottom 20 are for the most part expendable. Film and cameras, whose unit sales dropped 31.5%, was the worst of the bunch. "A camera is not something you need right now," says DeMott. Plus, who really wants to remember these tough times? And if couples are using contraception, they won't need a camera to snap precious baby pictures...
Sports and novelty cards were down 26.5%. "You really don't need that," says DeMott. Magazines slipped 17.1% (sigh - don't we know it). Products that spruce up your home - kitchen gadgets, lawn and garden items, buckets, bins and bath accessories - were slumping. Sales of air fresheners and deodorizers also dropped. "If you're lucky enough to have a couple of extra dollars, do you really need your bathroom to smell minty fresh?" asks Shea. Both insect repellants and cough and cold remedies were struggling. We'll suffer mosquito bites and sniffles for a few extra bucks. (Read "America...
What's more, experts say bug spray and other lagging products shouldn't expect a rebound anytime soon. The back-to-basics movement is here to stay. "There's an interesting psychological effect happening right now," says DeMott. "It's permeating every consumer segment. People think they have to hunker down, no matter what their socioeconomic status." So start stocking your shelves. We're now a country of cocooners...