Hard times create a dry hole for bottled water
Every now and then, the Great Recession flashes a bit of silver lining. This from today’s Washington Post:
…[S]ales of bottled water have fallen for the first time in at least five years, assailed by wrathful environmentalists and budget-conscious consumers, who have discovered that tap water is practically free.
Even Nestle, the country’s largest seller of bottled water, is beginning to feel a bit parched. On Wednesday, it reported that profits for the first half of the year dropped 2.7 percent, its first decline in six years….
“It’s an obvious way to cut back,” said Joan Holleran, director of research for market research firm Mintel. “People might still be buying bottled water, but you can bet that they’re refilling those bottles.”
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5 comments Add your comment
Stan
August 13th, 2009
1:50 pm
Umm where is the silver lining in this?
Mr. McGuire
August 13th, 2009
2:14 pm
Stan, I want to say one word to you. Just one word. Are you listening?
“Plastics. “
Stan
August 13th, 2009
3:23 pm
Thanks…that makes it all soo clear now. What was I thinking.
Hook Em Horns
August 13th, 2009
5:48 pm
well played, McGuire
RickK
August 15th, 2009
3:22 am
Are you really an ass or did you stay at Holiday Inn Express?