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“Sin stock” markets flourishing
Americans are still reaching for small pleasures despite shrinking pocketbooks, according to new research from Chicago-based Mintel. Sales for chocolate, cigarettes and alcohol are strong and steady, and historically, these "sin stocks" have performed well during times of economic recession.
"Chocolate, cigarettes and alcohol again seem relatively recession-proof," says Marcia Mogelonsky, senior analyst. "People might be cutting back or switching to store-brands, but they definitely aren't giving up their small daily indulgences."
Retail sales of chocolate rose 22 percent from 2002 to 2007 ( ...