Sagging Economy Improving? Men’s Underwear Sales Support It

I’ll make this brief.  The economy is improving.  How do I know?   Men are buying underwear again.  MarketWatch reported that Hanesbrand, Inc. had an 8.2% increase in first quarter 2010 sales.

Remember former Fed Chairman Alan Greenspan’s underwear/economy comments?  Years ago he said that men’s underwear sales is an important economic indicator.  Bottom line, according to Greenspan, is underwear is the first thing men stop buying during an economic squeeze, because hardly anyone ever sees them.

Sure enough, when the economy started to go into a tailspin in 2008, annual men’s underwear sales sagged by 12%.   That’s a lot of old, ratty drawers in guys’ drawers.

Now there’s new optimism about the economy. PriceGrabber.com, an online shopping site that’s part of Experian, found that:

  • 52% of consumers believe the recession will end before January 2012.
  • 56% of consumers have already bought a big-ticket item this year.

A change in the economy, a change of underwear.  All is well again.

(I saw the story on The ConsumerWarningNetwork.com)

4 Comments on “Sagging Economy Improving? Men’s Underwear Sales Support It

  1. mens underwear that is polyester based is the stuff i love to wear, polyester does not stain that much compared to cotton `~,

  2. Lysine, or L-lysine, is an essential amino acid. That means it is necessary for human health, but the body can’t manufacture it. You have to get lysine from food or supplements. Amino acids like lysine are the building blocks of protein. Lysine is important for proper growth, and it plays an essential role in the production of carnitine, a nutrient responsible for converting fatty acids into energy and helping to lower cholesterol. Lysine appears to help the body absorb calcium, and it plays an important role in the formation of collagen, a substance important for bones and connective tissues including skin, tendon, and cartilage.;

    Our new web site
    <'http://www.foodsupplementcenter.com/magnesium-for-migraines/

  3. Every weekend i used to pay a quick visit this site, as i wish for enjoyment, since this this site conations actually pleasant funny information too.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: