In the past year, consumers have cut back on dining out. They are clipping coupons. Shoppers are careful when spending on extras at the supermarket. And retailers are feeling the pain.
There are, however, some products that are actually experiencing higher sales compared to one year earlier.
Here are a few examples, according to a study by Mintel, a retail market research group:
* Sales of bread products have grown 7% this year, much a higher than a previously projected 2%.
* The classic American lunch – peanut butter and jelly sandwich – is enjoying a revival as well, despite a setback in the past few months due to the peanut butter / salmonella outbreak.
* Frozen meals, convenient and relatively cheap, are experiencing a growth spurt of 4.5% vs a forecast of -0.3% earlier.
Read here to learn about additional products doing well this recession.
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