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What sells in a recession?

What sells in a recession?

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There's a great new article on MSN Money, 'What sells in a recession?', spotlighting products and industries which are actually seeing significant growth in the current economic climate - it's well worth a read. Here's a taste:
  • Caravans are hot (apparently). Fewer of us are indulging in exotic foreign holidays this year, instead we're holidaying in the UK in caravans. One manufacturer of camper vans featured on a local news programme last week is struggling to keep up with demand and is taking on new staff.
  • Chocolate - when times get tough we turn to chocolate treats. Similarly with the cinema - attendances are up.
  • Old-fashioned skills like sewing and mending are making a comeback as we fix and alter rather than rush out for a new designer item. So sales of buttons, patches and other haberdashery items are all on the up.

Other items increasing in popularity and sales include:

  • Baked beans
  • Lipstick
  • Home-cooking
  • Exotic lingerie -as we have less disposable income to hand we're finding other ways to entertain ourselves.......

Related posts: Why starting a business in a recession isn't foolish

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