So, Heinz and Campbell Soup raised their food prices, even though fuel and product costs dropped. Time to start a garden. I’m giving away seeds.
Growing up during the recession of the 70s, I discovered the security of the food industry; even in hard times. “People always need to eat,” my Mom would say as she watched unemployment numbers rise on the evening news; and again when she headed off to start her week on Monday mornings as a bookkeeper at a grocery warehouse.
So, it should come as no surprise that H.J. Heniz Co. and Campbell Soup both reported higher earnings in their recent quarters; a direct contrast to the declines reported across the world. Here’s a sampling from the last week of January, 2009: Gap sales down 13%; Limited Brands, down 8.7%; Kohl’s net drops 18%. Clothes, it appears, are not as essential as food.
Instead of dancing through the corporate hallways, with such high revenues at a time when other companies are cutting staff, Heinz actually raised their food prices by 8 percent, and Campbell has raised their food prices 9 percent in their third quarter that ended by early February, 2009. At the same time, fuel and ingredient costs have fallen. Yet, these savings are starkly missing from the plastic price tags that line our grocery store shelves. Still, in their defense, the food executives say their prices are still behind inflation rates.
Badge added. And I love the graphics on the Burpee seed packet!
We hope to get our garden growing again this year. Last year was hard with the baby, and then my long recovery, but hopefully this year will be less eventful and we can do more gardening.
Grabbing the badge now Susie. Thanks! We grew great tomatoes last year but those darn bunnies got the rest.
We are in the process of starting up a bigger garden this year – what a great idea this is! Thanks!
Oh I would love to win these seeds! My granddaughter and I have started talking about how things grow from seeds and this would be great!
I came over here from Mama Milton’s place. THIS is the year I will have a garden! I am excited. My little daughter is overjoyed. It would be awesome to win these seeds to start us off.
I will post about this later this week and put the badge on my site. What is the deadline for your giveaway?
we are just starting this , this year! hope our thumbs stay green, as we would love to help out!