Home » Organic food sales feel the bite from sluggish economy
Organic food sales feel the bite from sluggish economy
USAToday.com
08/19/2008
By Julie Schmit, USA TODAY
http://www.usatoday.com/money/industries/food/2008High 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
More News:
-
02/08/2012
Diamond Foods’ Chairman/Pres/CEO and CFO Relieved of Duties
Board finds improperly recorded crop payments to walnut growers.
-
01/18/2012
Planning for the Split, Kraft to Cut 1,600 Jobs
Most from sales and management; manufacturing untouched for now.
-
01/18/2012
ConAgra to Acquire Del Monte Canada
Sun Capital Partners affiliate selling only packaged products, not fresh.
-
01/13/2012
Gary Hirshberg Steps Down at Stonyfield
Remains chairman, but replaced as president/CEO by former Ben and Jerry's CEO Walt Freese.
-
01/12/2012
Hostess Files for Chapter 11 Again
Company needs to rework unionized labor cost structure, moreso than it did in 2004-2009.
-
01/06/2012
Frito-Lay Casa Grande Plant Nears Net-Zero
The food processing facility is one of the food industry's cleanest plants.
-
01/06/2012
A Flurry of Year-End Acquisitions Overseas
Coca-Cola, Nestle, ConAgra make deals in China, India, Saudi Arabia.
-
01/06/2012
Diamond Foods Investigated, Stalls Pringles Buy
SEC checking payments to walnut growers.
-
01/06/2012
Heinz Leads Customer Satisfaction Index for 12th Year
Leads all companies, not just food & beverage processors, on American Customer Satisfaction Index.
-
01/06/2012
Coca-Cola Remains 'Best Global Brand'
Leads Interbrand list for the 12th straight year.
- All news »
Subscriptions
Digital Editions
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
E-Newsletters
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »
Print page