What’s that about necessity and invention?
Matt Rourke / AP
It’s true, with sharply rising food prices, folks are attending auctions, complete with fast-talking auctioneers, instead of heading to their local grocery stores to do their weekly shopping. Check out this recent msnbc.com article, “Thrifty shoppers ‘Sold!’ on grocery auctions”.
Here’s a peek.
“The popularity of the auctions — which sell leftover or damaged goods from supermarkets, distribution centers and restaurant suppliers — comes at a time when people are stretching their grocery budgets by using more coupons, buying inferior cuts of meat, and choosing store brands over national brands.
The economic downturn, paired with the worst food inflation in nearly 20 years (grocery prices spiked in 2008 before easing in January and February), has caused a “seismic shift” in consumer behavior, said Brian Todd, president of The Food Institute, an industry information service.”
For the full article, click here.
Add comment April 9th, 2009
