Okay, it's just one set of hoofbeats. Might be a horse, might be a zebra. But it doesn't seem like a good sign when a major candy distributor files for bankruptcy shortly before Halloween.
Sure, SNAP benefits have been shut off by the shutdown (there is, of course, a lawsuit. Wonder if you can cook that up and eat it? Nope). Sure, ACA subsidies are expiring and there's no plan to bring 'em back; if you got your health insurance through the Feds or one of the state exchanges, the price is going up, and possibly by quite a lot. And there's a whole big mess around Federally-subsidized flood insurance, too. But candy at Halloween? The people who usually couldn't afford it still can't; this is result of people who once could deciding they'd better not.
Oops.
Update
10 months ago
2 comments:
The article clearly says the Candy Warehouse filled all of their Halloween orders. It seems a typical small business falling on hard times than anything more.
Things are bad enough without making mountains out of molehills.
Joe
The article also clearly states that they are being pinched by rising costs and expenses, and implies they are losing orders to giants like Amazon.
It's not a molehill. It's the first stirrings of an avalanche. Count on it.
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