Twinkies Prices Soaring Online; Are You Biting?
Some shoppers are stocking up at stores and then reselling the snack items after Hostess announces a shutdown. Share your thoughts.
Price gouging on Twinkies? Could be. It seems that some shoppers across the U.S. have been stocking up on the iconic snack food since Friday (November 16) and then reselling it at a hefty markup online, according to media reports. Not long after Twinkies maker Hostess announced plans to close its doors, people flocked to stores to fill shopping baskets with boxes of the cream-filled sponge cakes and their companion snacks, such as Ding Dongs, Ho Hos and Zingers, the New York Daily News reported. Opportunists then took to eBay and Craigslist. They began marketing their stashes to collectors and junk-food lovers for hundreds — and in some cases — thousands of dollars, according to reports. Retail price for a box of 10 Twinkies is about $5. …
Don Wyatt
9:23 am on Tuesday, November 20, 2012
Twinkies might be on the street sooner than a fire sale to investors or another company. On Monday, a bankrupcty judge ordered the company and union into mediation on their contract negotiations. According to the WSJ, it's costing the company $1 million a day to keep the factories silent. So, if they agree to a contract, Twinkies and Snowballs and Wonder Bread could be back on the shelves in … more ›