Friday, November 14, 2008

Organics taking a hit in recession economy

Formerly seen as a market stalwart, organic goods are taking a beating in the recession. reports that sales of organic foods is slowing as shoppers begin turning their noses at higher-priced goods. Private labels, those brands produced by retailers, however, are expected to do better as the economy tanks.

"Rising food and gas prices, the credit crunch and economic uncertainty have deeply affected people's shopping habits," said Marcia Mogelonsky, senior analyst at Mintel, a London-based market research firm.

For the full story, go here.

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