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Spam Thrives in Tough Times

Sales of the spongy stuff are on the rise—even though it's not cheaper than meat

By Michael Foreman,  Newser User

Posted Jun 17, 2008 8:34 PM CDT

(Newser) – Americans have gobbled up Spam for 71 years, despite Monty Python parodies and countless jokes about the spongy stuff. But Spam's sales have spiked 10% over the past 12 weeks, as the economy has gone sour and soaring gas prices have been gobbling up household income. In fact, it's no cheaper than real meat, dollars-per-ounce. But its one of those things, like ramen noodles, bus transit and lipstick, Advertising Age reports, that people associate with belt-tightening.

Why? "Embedded in the Spam brand, which doesn't get much shrift in the economic analyses, is an association with time of strife. For instance, it was a staple for American soldiers during World War II,"  says a Spam product manager. Parent company Hormel isn't complaining—sales have risen for seven quarters straight, and second-quarter-earnings were up 14%. To capitalize on the momentum, they've even launched a new ad campaign around the idea of the "Spamburger Hamburger."

Cans of Spam line the shelves at a store in Berlin, Vt. in this file photo.
Cans of Spam line the shelves at a store in Berlin, Vt. in this file photo.   (AP Photo/Toby Talbot)
Spam has earned a place in pop culture, even spawning the Monty Python musical Spamalot. The mystery meat appears plastered on everything from snow globes to T-shirts.
Spam has earned a place in pop culture, even spawning the Monty Python musical Spamalot. The mystery meat appears "plastered on everything from snow globes to T-shirts."   (AP Photo/Spamalot)
Spam fans think of creative new ways to serve up the mystery meat. Seen here fried with tater tots.
Spam fans think of creative new ways to serve up the mystery meat. Seen here fried with tater tots.   (KRT Photos)
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A Spamburger Commercial from the 1980's. Spam recently resurrected the campaign and saw sales jump over seven quarters.   (cruisefx)

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