Consumer staples usually do well during recessions and times of extended uncertainty.
Because jobs become so vulnerable during a recession, employees should do all they can to make sure their employer has a favorable opinion of … I’ve long been a “discountologist” specializing in “couponology.”This is the art of tracking merchants who are significantly slashing prices and which ones are simply “marketing” with fairly ordinary deals.This analysis of bargains comes in handy when managing household finances.
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Welcome to 2018 and the great, new fast-food price wars. The six-bedroom, seven-bathroom home was built in 1916 and has undergone a posh, modern makeover.
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Should You Cut Prices During the Next Recession? Some of that innovation is simply marketing sizzle. 0000008154 00000 n
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It’s an awkward turnabout from “we can make better food” campaigns.Late last year, McDonald’s began pitching a reinvigorated collection of menu items at $1, $2 and $3.
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Let’s see what’s at stake …But often the price cuts are offered via limited-time coupons. This was the fast food giant’s first serious attempt at pushing its “dollar menu” in half a decade.You’ve got Jack-in-the-Box, which was previously pitching an upper-scale rib-eye burger, now highlighting its “Value Done Jack’s Way” with items from $1 to $5. 0000012386 00000 n
A chunk of it is creating items that can sell profitably at these prices.Much of any recent sales gains have largely been created by price increases rather than increased customer counts or extra purchases. 0000011994 00000 n
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Especially right after consumers spent heartily over the holidays with what this discountologist saw as less-than-remarkable “bargains” as motivation. of prices and costs during the 2008-09 recession it appears that the impact of commodity prices on food and energy prices was stronger than in previous recessions, possibly refl ecting the fact that the sharp movements in commodity prices coincided with particularly strong movements in the global economic cycle (see Section 3). A flood of discounts may be good for your finances but it might also signal bosses are getting desperate — and your job security could be at risk.Remember all those great deals you could get … during the Great Recession?Welcome to 2018 and the great, new fast-food price wars.TV and radio, social media, restaurant windows, email inboxes … even postal mailboxes are littered with what McDonald’s has erupted: renewed mega-marketing of dollar menus at fast-food titans. Food stocks are listed under the consumer staples sector. 0000002427 00000 n
For instance, they may be more likely to purchase a car during …
Remember all those great deals you could get … during the Great Recession? And Del Taco, which had been boasting about its higher-quality queso sauce, went the lowest with cheap eats starting at 69 cents.And now struggling Subway reluctantly joined the fray, a selection of full-sized footlongs at $4.99.If you take a discountologist’s view that deals are problematic for the economy, should we be worried? Meanwhile, Wendy’s added more menu choices to its “4 for $4” combo meals.In the Mexican-themed corner, Taco Bell’s got its $1 Cravings Menu.
This year, it’s prime-time advertising.So let’s see if this dollar-menu push extends well into 2018 before we declare this a serious change of heart.We’re seeing certain chains peddling new products designed for these deals, adding a level of seriousness of the low-price push.
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“The people who bought during the recession, they did it based on the fact that there were so many houses for sale and the prices were coming down,” says Melanie Hunt, a top real estate agent with 38 years of experience in the Dallas-Fort Worth area.
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Average Food Prices: A snapshot of how much has changed over century.
So everybody’s invited to the party!Well, it’s kind of early in this price war to hoist a broad-brush warning flag. For example, they may become choosier with their purchases to make their dollars stretch as far as possible.
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