What sells in a recession?

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

Comments (2)

  1. Anonymous says:

    Thanks for the great article its very helpful!