Had a great Easters lunch on Sunday, nothing better than eating at another persons place, you bring a 30dollar bottle of wine which gives you the right to smash down at least a bottle of vino, eat for 2hours straight and leave a mess for them to clean. I am now starting to understand the benefits of a house party just as long as they don't use your house.
Anyway I got talking to the biggest food retailer in Manhattan. I asked him how the foot traffic was and I learnt something interesting. Our upstairs sales are not doing well (appliances like kettles etc) but our main business which is food has held up well but we have noticed more people are coming in but they are each spending less.
So I draw this conclusion, if the consumer doesn't need it, they are NOT going to buy it, hence the kettle isn't getting sold. The consumer needs to eat so as they are flat broke and still worried about their job they are NOT going to restaurants, hence the increase in foot traffic. They are not buying as much per person as before, so they must be buying the carrots but not the chocolate candy bars. He also mentioned his 9.99 a pound percuito has been replaced by the 5.99 per pound ham.
So until the percuito is back on the shelves instead of the cheap ham I have decided my shorts are going back on for now.
Giddy Up
Tuesday, April 14, 2009
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