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Competition for Share of Consumer Spending is Intensifying as the Country Emerges from Recession
CHICAGO, March 3, 2011 - Consumers deserted shopping malls and car dealerships in droves to spend wisely and save in 2009. While this conservative mindset has stuck with many consumers, others increased spending at least somewhat during 2010. The CPG industry demonstrated signs of improvement, with unit sales declines slowing markedly across channels, and some departments and categories experiencing positive sales trends for the first time in five quarters. SymphonyIRI Group continues its analysis of the CPG industry's performance throughout the past year and identifies new market opportunities in its latest report, "Times & Trends: CPG 2010 Year in Review: Out of Turmoil Rises Opportunity."
"Although many are breathing a sigh of relief since the "Great Recession" officially