Word: retailler
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...spice market is worth about $1 billion at retail and is dominated by McCormick, which is also based in Baltimore. TSP has four full-time employees to McCormick's 8,000, so no one is mistaking Luber and Engram as a threat to the titan, whose annual global sales are $3 billion. TSP is hoping for sales on the order of $2 million to $2.5 million in 2008. "It's as if they're the elephant and we're the fly," says Engram...
...little freaked out trying to come up with--at my editor's request--a recession-gourmet meal for four people for around $10. And Colicchio is not mistaken: the average retail price of a 5-lb. (2.3 kg) bag of flour has jumped 34% from last July, according to the American Farm Bureau Federation. The costs of other staples like eggs and cheddar cheese have also gone way up. And since Americans have been spending about 10% of their income on food for the past 25 years or so, rising prices do not mean people are eating less--they...
...live in a media age and the media industry is Exhibit A in the murder trial. Newspapers, magazines, music, television, movies - all of the traditional models are dead or dying as bloodied moguls everywhere scramble to survive. But the Net has brutalized old-line business across most industries - retail, telecom, financial services - and the technology industry itself, is, ironically, no exception...
...going out of their way to let consumers know they're getting less for their money. Some claim newly shrunk products are responses to consumers' needs. Tropicana told the New York Daily News earlier this month that its orange juice containers, which also include a newly designed cap and retail for the same price as the previous larger size, were the result of customer complaints. Said spokeswoman Jamie Stein, "We had a lot of spillage with our old products. It's a value-added redesign...
...search online can provide invaluable insight into our economic state of mind. One big change in search term usage in the online retail sector is "new" versus "used." The volume of searches that contain the term "used" in search queries has increased 21.8% since the beginning of the year, indicating that people are using the Internet as a means of locating price savings over "brand new." This change in consumer behavior is also apparent in the individual domains with the greatest increases in traffic over the last year. The online classifieds website Craigslist.org is up 93.4% comparing the week ending...