Home » Organic food sales feel the bite from sluggish economy
Organic food sales feel the bite from sluggish economy
By Julie Schmit, USA TODAYhttp://www.usatoday.com/money/industries/food/2008
High gas and food prices appear to be nibbling away at the high growth rates long enjoyed by organic and natural food makers and sellers.
Sales growth has slowed but remains strong because of the loyalty of core organic buyers, some industry executives say. They also say new customers are tougher to attract, given that organics can cost 10% to 50% more than non-organic rivals.
"Most of us are seeing slightly slower growth, but we're still seeing growth," says Gary Hirshberg, CEO of Stonyfield Farm, a leading organic yogurt maker.
Read more at USAToday.com
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