Saturday, July 19, 2008

LATEST NEWS

News in the vending biz isn't good, all costs are up and gross sales are down all over the country. Chocolate prices have soared 13% over the last 2 years, the good news is it looks like choolate prices should be stable in the near future. We all know fuel prices have taken a bite out of our profits but the real problem is our customers have less money to put into our vending machines due to gas prices add the higher prices venders have to charge and we have a real problem. Some good news as of 7/18/08 oil prices have droped from $147 a barrel to under $129 hopefully this trend will continue. Unfortunatly i just found out that Coca-Cola is going to raise their prices in the fall 2008 and as of now they have not said by how much.
HAPPY VENDING!!

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