facebook
twitter
rss
account
search
search

U.S. economy altering Thanksgiving sales

Nov. 14, 2008 at 12:18 PM   |   Comments

NEW YORK, Nov. 14 (UPI) -- Current economic problems in the United States have food makers and retailers altering their Thanksgiving sales strategies, an expert says.

Harry Balzer of the NPD Group said with many U.S. households facing uncertain financial times, food makers and retailers nationwide are lowering prices during a time they typically make large profits, USA Today said Friday.

Companies like Butterball and Ocean Spray are monitoring their food prices during the upcoming holiday season to maintain sales. The Giant Food supermarket chain has already begun to offer free turkeys to customers in Pennsylvania who spend $300 on groceries between Oct. 12 and Nov. 15.

Families nationwide will likely also be altering their holiday purchases in an attempt to save money during the economic crunch, Balzer said.

The food expert told USA Today that some households plan to skip traditional restaurant visits on Thanksgiving and others may focus on visiting other people's homes to save on food purchases.

"The easiest way to economize this Thanksgiving: Don't cook," Balzer offered.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended Stories
Most Popular
1
Oklahoma shook by three earthquakes in less than 48 hours
2
One cop issued 80 percent of the marijuana tickets in Seattle this year
3
Army receives first advanced CH-47F helicopter variant
4
Who is the 'Woman in Black' roaming U.S. highways?
5
Comic-Con cosplayer sexually assaulted, beaten and left in gutter
Trending News
Video
x
Feedback