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NEW YORK (AP) - Campbell Soup Co. is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.
It appears people would rather run out on their lunch for the greasy burger and fries anymore, than take a can of soup to the office.
Over the past decade, overall canned soup consumption is down 13 percent, according to the research firm Euromonitor International, as fresh soups have become more widely available at supermarkets and restaurants
Originally posted by rtyfx
All they have to do is improve the quality of their soups to compete with brands like Progresso.
Sad.
Originally posted by will615
Originally posted by rtyfx
All they have to do is improve the quality of their soups to compete with brands like Progresso.
Sad.
I've tried a few of Progresso's in the past and didn't think they tasted as good, but to each their own.
Originally posted by Zarniwoop
reply to post by will615
It appears people would rather run out on their lunch for the greasy burger and fries anymore, than take a can of soup to the office.
or...
Over the past decade, overall canned soup consumption is down 13 percent, according to the research firm Euromonitor International, as fresh soups have become more widely available at supermarkets and restaurants
Originally posted by Rockpuck
reply to post by will615
Taste like salty vomit in a can.
There are too many competitors for them now, which they used to dominate the market. And since they dominated the market they fell behind in quality. They tried reinventing themselves, but because they fell so far behind anything and everything they do is viewed as "copying."
Adios Campbell. I'm sure they will open a plant in Mexico soon.
Yes, but c'mon we all see the fast food joints slammed all the time with people waiting for that 1000 calorie meal.
I think soup and a sandwich is much healthier than McD's.
A release issued by Campbell's on Thursday stated the following reasons for the closure:
"A number of factors have resulted in excess capacity in Campbell's U.S. thermal manufacturing network, including significant productivity improvements, volume declines of U.S. canned soup and an increased focus on new packaging formats which are often produced under co-manufacturing agreements. As a result, the company is taking the following actions: