McCormick Canada Dept: People need to eat. They will be eating at home or eating out and that will ebb and flow with their discretionary income, based on what s going on in the economy. McCormick Canada has a hedge built in because we service both those segments the consumer retail business represents about two-thirds of our business and the other one-third deals with food service restaurants and other food manufacturers, according to Globe and Mail. We certainly saw less restaurant activity. Shoppers looked for value more than they had previously. Discounting and couponing were very important. And we saw a back-to-basics move to hearty meals and use of slow cookers and is the spice industry essentially recession-proof? Did eating patterns change during the last recession?
(www.immigrantscanada.com). As
reported in the news.
@t discretionary income, McCormick Canada
21.5.12