Released: October 07, 2009
More ads for basic brands as shoppers spend less
Source: Stuart Elliot, NY Times (Free Registration)
Readers of this week’s People magazine could be excused for believing they were leafing through a Look magazine from 1959. Of the 44 full-page ads in the issue, half are for brands like Campbell’s, Jell-O, Kraft cheese, Lipton tea and Post cereal.
Familiar packaged foods that were once dismissed as dowdy or out of date are regaining their puissance as Americans spend less and eat at home more. While marketers in fields like automobiles, financial services and luxury goods are slashing ad budgets — among them, Chrysler and Citi — advertising is being maintained, and in some cases increased, for prosaic mealtime products like Heinz ketchup (up 967.1 percent in the first half of this year, according to TNS Media Intelligence), Hellmann’s mayonnaise (up 165.6 percent) and Jif peanut butter (up 39.8 percent).
Read Full Article: More ads for basic brands as shoppers spend less
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