Candy Sales Up As Anxious New Yorkers Escape to Candy Land

032409economy candy.jpg More Americans are coping with the economy's crash by chasing a sugar high, if sales data on mass-produced proletariat candies are to be believed. Up until the fourth quarter of last year, sales of candies like Hershey Kisses, Gummy Bears, and Jelly Bellies were losing out to fancy, high-end brands; now, according to Edgar Roesch, a food analyst with Soleil Securities, that trend has been reversed. Cadbury reported a 30% rise in profits for 2008, and Nestle’s profits grew by 10.9%. At Economy Candy on the Lower East Side, owner Jerry Cohen has had to increase his orders by 10%. Of course, there's always a down side to the sugar high. Liz Josefsberg, who runs Weight Watchers meetings in Manhattan, tells the Times candy talk has dominated recent meetings: "I’m hearing a lot about Skittles and Mary Janes." (Though if Mary Jane's your problem, you're probably in the wrong meeting.) And there may be a historical precedent for the current candy renaissance; it's worth noting that Snickers, Tootsie Pops, Mars bars with almonds, and Three Musketeers were all introduced during the Great Depression. Photo courtesy New York Daily Photo

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Comments (17) [rss]

Haribo Gummy Bears. They're like crack.

No kidding! Also like crack—those Japanese gummy candies.

Gelatin is made from the boiled bones, skins and tendons of animals. Yum!

Meh, there are far stranger things that I (and many other people) eat and drink on a regular basis. And hey, we're doing like our ancestors and using every part of the animal. What would we do with all the leftover bones and skin and toenails of the cows and pigs we slaughter for our steaks and bacon? I'd rather use it than lose it!

Good attitude. Actually, my mother makes a fine meat gelatin dish out of the leftover scrapes and bones she has. I love it. It is similar to head cheese.

Panda Chews. I found an open box of them in the back of a cab and it was really hard to talk myself out of finishing them off.

Every Halloween, all Mary Jane's were unceremoniously chucked into the rain gutters of those who disbursed them.

Is there any aspect of consumer behavior the Times will NOT explore from the vantage point of "The Effect of the Recession on.....?" I'm a bit tired of reading front-page and web reports on various contrived recession phenomena.
Can't the Times find real news?

Ecomony Candy is the most beautiful place in all the Lower East Side.

Sounds like its the "trade-down effect" that most retailers are experiencing. No more Jacques Torres and Ghiradelli's - it's Hershey's and Reese's Pieces time.

I have to wonder how many of those 15-course "tasting meal" stories we'll hear about this year.

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Mary Jane's and Bit o' Honey: the most under-rated candies in the world.

If the economy is down so much, does that mean the 100 Grand bar should be renamed the 50 Grand bar?

high unemployment rate + free time/weed + munchies = cheap candy

#12, have the free time, need the free weed

Candy is dandy but liquor is quicker.

Sounds like the perfect concession for a foreclosure auction.

Mary Janes pull my teeth out. I can't afford that right now.

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