CHICAGO - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.
He's not the only one who's stuck on candy. Americans buy billions of dollars worth of the stuff each year — with more than $29 billion in retail sales in 2007, according to the National Confectioners Association. That's about a 3 percent increase from the previous year.
That sizable sweet tooth is a big reason many analysts say the candy business is likely to fare better than other nonessentials in these economically trying times, even as prices for commodities such as sugar, milk and cocoa have risen.
Full Story: Candy a sweet spot in sour economy (AP)
He's not the only one who's stuck on candy. Americans buy billions of dollars worth of the stuff each year — with more than $29 billion in retail sales in 2007, according to the National Confectioners Association. That's about a 3 percent increase from the previous year.
That sizable sweet tooth is a big reason many analysts say the candy business is likely to fare better than other nonessentials in these economically trying times, even as prices for commodities such as sugar, milk and cocoa have risen.
Full Story: Candy a sweet spot in sour economy (AP)
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