Candy Express Bypasses Recession’s Station -
[Cached Version]
Published on: 9/27/2008
Last Visited: 9/27/2008
The Rosenbergs brothers, Joel, David, and Michael, owned and managed a chain of clothing stores in suburban Washington, D.C. for 20 years before changing paths in 1988 to candy retailing.
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Says David Rosenberg, Candy Express CEO.
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"The abundance of candy is really key to the irresistible aspect of Candy Express," says David Rosenberg.
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Sour Patch Kids are the hottest selling product for the stores right now, says David Rosenberg.He estimates 20 percent of their business is generated from low-calorie, sugar-free candy sales, which are especially strong in January when people try to lose those extra holiday pounds, he says.
Though he won't be specific, Rosenberg says Candy Express profit margins are "one of the highest in the candy business," adding that their profits top the 20 to 40 percent margins grocery stores and drug stores, their primary competitors, command.