SlideShare a Scribd company logo
1 of 2
Download to read offline
Recession Promotes Coupon Usage...
nomic shock gives rise to coupon cutting - CNN.com                               http://cnn.site.printthis.clickability.com/pt/cpt?action=cpt&title...




             It’s Headline News!
         Reports...                                                                                                       Powered by




     Economic shock give rise to Coupon Cutting                                                                       SAVE THIS | EMAIL THIS | Close



     (CNN) -- The rising price of                                                                                                                                                   company’s 40-year history.
                                                                                               Strickhouser said.
     consumer goods is driving
           Economic shock gives rise to coupon cutting
     shoppers from all walks of life to                                                                                                                                             “People might say coupons are
                                                                                               Strickhouser said specific figures
     use Story Highlights for food, beauty necessities related to usage is proprietary
               coupons                                                                                                                                                              just for tightwads, but people
               Shoppers are turning to coupons for deals on luxuries and
     aidsEntertainment.com services such as products atup 153dining in 2008
                 and pharmacypercent more coupons for casual percent                                                                                                                from all kinds of economic
                                                                                               information and unavailable for
                                  users print 198
               Use of coupons for                    oil changes, dry-cleaning
     an increasing rate,upaccording                                                                                                                                                 backgrounds are more likely to
                                                                                               release, but said the number
               quot;Couponingquot; at big box retailers    14 percent, even as restrictions increase

     to some of the country’s largest                                                                                                                                               use them,” Strickhouser said. “It’s
                                                                                               represents a significant surge
     By Emanuella Grinberg

     purveyors of manufacturers’                                                                                                                                                          good sense to use them.”
                                                                                               in consumer response in the
     CNN


     coupons.price of consumer of the country's largest purveyors of manufacturers' coupons. for food, beauty aids and pharmacy products at
      (CNN) -- The rising                     goods is driving shoppers from all walks of life to use coupons
      an increasing rate, according to some
     Consumers from several                                                                                                                                                                 In mid-2006, consumers
                                                                                                                                                               erall
     economic backgrounds are                                                                                                                                                                bucked a 15-year period
      The once-popular act of coupon cutting -- introduced by the inventor of Coca-Cola syrup more than 100 years ago -- is again becoming a household

                                                                                                                                                       s ov
      chore.

                                                                                                                                             user se
     clipping coupons.less, they aren't necessarily cutting back on necessities or luxuries. Instead, consumers are hunting for deals                                                         of decline by redeeming
                                                                                                                                       on                                         s
                                                                                                                         coup t they u e brand
      While people may be looking to spend
                                                                                                                                                                                               2.6 billion manufacturers’
                                                                                                                   of
      on where to dry-clean their clothes, get their oil changed or take the family out to dinner, said MaryAnn Rivers, CEO of Entertainment Publications,




                                                                            88%
                                                                                                                                   tha                       h
                                                                                                                          y...and a 198 percenton t in the
      which publishes community-based coupon books and Web sites.
     Consumers from                                                                                                                                                                              coupons.
                                                                                                                                             ey increase
                                                                                                                    sa
                                                                                                                                  mon
     several for casual or quot;quick-servequot; meals since last year.
      Rivers said the company's site has seen a 153 percent increase in the use of coupons for day-to-day necessities

                                                                                                                    s ve
     economic has slowed down, they're just looking to save more often,quot; said Rivers,twhosea ly buy! sold in schools and k up” on
      use of coupons

                                                                                                          ns o publication is activities                                                          “I think that what we’re
                                                                                                      oThey are trading down fromoften and moving into more
                                                                                                                            l
                                                                                                                                                          “stoc
     backgroundsa fundraising tool. quot;We're getting back to basics withup ey usua
      quot;It doesn't appear activity
                                                                                       co people.                                                                                                  seeing is a behavioral
                                                                                                                                                    to
      community organizations as
                                                                                                     th
     arecompanies are also seeing gains. Florida-based Valpak, whose signature bluetenvelopes land in about 45 millionthomesm year, hasy!
                                                                                                                                   e he eachy bu seen
      affordable opportunities.quot;
                                                                                         tha
               clipping                                                                                                                                                                             change in the consumer
                                                                                                                         y us products ll      a
      use of its coupons increase 8 percent since last year for products such as groceries, take-out food, theimprovement usu and specialty retail.
      Other
     coupons.                                                                                                                                                                                        that could have lasting
                                                                                                          say               they
                                                                                                                 home




                                                            47%
      quot;Coupons motivate customers when they're looking at different stores that offer the same goods. They're s                                                                                       effects. If you shift
                                                                                                                 nd more likely to go with a storew offers
                                                                                                           bra
                                                                                                                                                        that
                                                                                                                                                   e
                                                                                                                                          try n
     The once-                                                                                                                                                                                         buying patterns and
      coupons,quot; Valpak spokeswoman Marsha Strickhouser said.
                                                                                                                                    to
     popular specific figures related to usage is proprietary information and unavailable for release,hemthe number represents a significant
      Strickhouser said act of                                                                                                                                                                          enjoy benefits of
                                                                                                                    t but said
                                                                                                            use                   s!

                                                            47%
                                                                                                                         uctlikely to use them,quot; Strickhousertsaid.
      surge in consumer response in the company's 40-year history.
     coupon cutting                                                                                                                                                                                      doing that, you will
                                                                                                                                                                    ’s
                                                                                                             prod                                         tha                   !
                                                                                                                                              rand or them
     -- introduced                                                                                                                                                                                        likely continue in that
      quot;People might say coupons are just for tightwads, but people from all kinds of economic backgrounds are more
                                                                                                                                           b
     by theconsumers bucked a 15-year period of decline by redeeming 2.6 billion manufacturers' coupons. try a nsive” f
      quot;It's good sense to use them.quot;

      In mid-2006, inventor                                                                                                                                                                                pattern,” he said.
                                                                                                                        to
     of Coca-Cola remained consistent, with redemption at mass merchandisingtstores m oo expeTarget up 11 percent since
                                                                                                               e
                                                                                                     se h y t as Wal-Mart and                                                                               “For the marketer,
                                                                                                u                                                             fa

                                                           41%
     syrup more thanco-chair of the Promotion Marketing Association's Coupon all                                                                  ore o
      Since then, the numbers have                                                                                such
                                                                                                                                                                                                             it’s an opportunities
                                                                                                         su Council.
                                                                                                  “u
      2007, according to Charles Brown,
                                                                                                                                          y m of ould
     100 years ago also has risen in dollar stores and convenience marts by 14 percent since last to buas the usewcoupons as a
      quot;Couponing,quot; as Brown calls it, -- is                                                                                                                                                                    to bring in more
                                                                                                                              year, even
                                                                                                                                             ey
                                                                                                                      m
                                                                                                           e the t than th
     again becoming a                                                                                                                                                                                           customers and get
      marketing tool has declined in the packaged goods arena.
                                                                                                       us

                                                           29%
                                                                                                               duc
     household chore.                                                                                                                                                                                            them to try new
                                                                                                                                                                              on
                                                                                                        pro
                                                                                                                                                                         sed
                                                                                                                                                                     d ba ,000
                                                                                                                                                               h an an 2
                                                                                                                                                                                                                 things.”
                                                                                                                                                          Marc               ll
                                                                                                                                                     d in f more th . The fu
                                                                                                                                                ductervey o10/10/08 8:44 AM
                                                                                                       y!
                                                                                                                                                                  site
f2                                                                                                                                          con               ons
                                                                                           y bu
                                                                                                                                        was ustom su le coup
     While people may be                                                                                                          lse,”
                                                                                     all
                                                                                                                                                    b
                                                                                                                                           c
                                                                                                                             er Pu s and a m printa

                                                                      norm
                                                                                                                      nsum       on        o
     looking to spend less,                                                                                                                                                           Links referenced within this article:
                                                                                                                 n Co Simm oupons.c
                                                                                                            oupo from         eC
                                                                                                       ble C arch       ns th                                                       National Economy - http://topics.cnn.com/topics/National_
                                                                                                Printamer rese Inc. ow .
     they aren’t necessarily                                                                  8
                                                                                         “200 consu          ns,       om
                                                                                                         oupoponsinc.c
                                                                                       e
                                                                                                                                                                                    Economy
                                                                                  y, th tional     rs. C
                                                                            stud
                                                                       The piled na pon use at cou
     cutting back on                                                                                                                                                                Entertainment Publications Inc. - http://topics.cnn.com/top-
                                                                                                    le
                                                                        com ble cou loadab
                                                                                          n
                                                                         printa is dow
     necessities or luxuries.                                                                                                                                                       ics/Entertainment_Publications_Inc
                                                                               rt
                                                                         repo

     Instead, consumers
                                                                                     Recession drives consumers
     are hunting for deals on
     where to dry-clean their clothes,
                                                                                     to Coupons for Savings
     get their oil changed or take the
     family out to dinner, said MaryAnn
     Rivers, CEO of Entertainment                                                              In a rough economy, frugal shoppers                                                  third-most-popular strategy.
     Publications.                                                                             are turning to coupons. comScore’s
                                                                                    “State of the US Online Retail                                                  In an October 2008 survey of 2,000
     “Coupons motivate customers                                                    Economy: Q3 2008” report said that                                              female Internet users ages 18
     when they’re looking at different                                              62% of responding US consumers                                                  and older by SheSpeaks, 76% of
     stores that offer the same goods.                                              who were decreasing their shopping                                              respondents reported sharing offline
     They’re more likely to go with                                                 expenses in October 2008 were using                                             coupons found in magazines, direct
     a store that offers coupons,”                                                  coupons more often to do so—the                                                 mail or newspapers with their friends.
                                                                                                                                                                    Excerpts from eMarketer Inc. 2009
     Valpak spokeswoman Marsha
As Times Get Tougher,
                       Consumers Turn to Coupons
Associated Press
                                                                                                              Martinez does even better on health and beauty items at two major drug chains, CVS and Walgreen,
Published: March 16, 2009 12:54 PM ET
                                                                                                              bringing her monthly average overall savings close to 70 percent. On Jan. 10, a receipt showed that she
                                                                                                              paid just $1.05 for $45.45 worth of goods at Walgreens, having combined store coupons providing credits
FORT WORTH, Texas Gwen Martinez is buying more
                                                                                                                                                                           for the entire price of an item with coupons
groceries and health and beauty products than ever
                                                                                                                                                                           clipped from the newspaper for the same
before — but spending less. Like a growing number
                                                                                                                                                                           product.
of Americans in this economic downturn, 29-year-




                                                                                                                       !
old Martinez is a relatively recent convert to clipping




                                                                                                                 ox
                                                                 ur S
                                                                                                                                                                              The savings allow her to spend more on
coupons from newspapers and in-store circulars and




                                                          EE in n
                                                                                                                                                                              food and healthcare goods than before, and
finding them online.




                                                                                                              ilb
                                                                                                                                                                              to pay down some credit card bills.




                                                                    po
                                                               Yo g
“I am saving about 69 percent overall,” said the
                                                                                                                                                                              Stephanie Nelson of couponmom.com
Arlington, Texas, medical secretary, who began in




                                                                   Ma
                                                                                                                                                                              claims that a family of four can save $100
August after a fellow customer at a Walgreens checkout
                                                                                                                                                                              a week on groceries by clipping coupons.
gave the cashier a handful of coupons, immediately
                                                      Sa Cou                                                                                                                  Since 75 percent of grocery coupons
saving her $10.
                                                                                                                                                                              come from the Sunday newspaper, she
                                                                                                                                                                              recommends buying two or three copies to
Martinez was hooked, and she’s far from alone.
                                                                                                                                                                              save dramatically, then scan the Internet
“Coupon clipping is                                                                                                                                                           for more. And some manufacturers are
                                                                                                                                                                              sweetening the deal.
                                                      ed v
definitely up,” said Mark Adamcik, 45,
                                                            to                                                                                                                Last year, multiple-purchase requirements
an Albertsons store manager who’s worked more than
                                                                                                                                                                              on health and beauty coupons dropped to 6
two decades for the chain and its predecessor, Skaggs.
                                                                                                                                                                              percent, from 11 percent in 2007. Moreover,
                                                                                                                                                                              expiration dates were lengthened, the
                                                        FR
“As the economy tightens                                                                                                                                                      average period rising to 2.8 months from
                                                                                                                                                                              2.6 months, said NCH’s Brown. But the
up, it makes coupons                                                                                                                                                          opposite was true for grocery coupons,
                                                                                                                                                                              which saw expiration dates reduced to 2.3
more appealing.”                                                                                                                                                              months in 2008 from 2.4 the year before.
                                                   er



                                                                                                                                                                              Multiple-purchase requirements decreased,
                                                                                                                                                                              but only by a tad, to 35 from 37 percent.
                                                             liv




Coupon use rose 15
                                                                                                                                                                              The average value of
                                                          De




percent in the last three
                                                                                                                                                                              a coupon distributed
months of 2008, compared with
                                                                                                                                                                              today is $1.29,
the same period of 2007, said Charlie Brown, vice
president of marketing at NCH, the redemption unit
                                                                                                                                                                              NCH’s Brown said.
of Livonia, Mich.-based Valassis, which invented the
Sunday newspaper coupon sections and owns Red

                                in                                                                                                                                            Coupon use and private-label purchases
Plum, one of two big coupon companies. And
                                                                                                                                                                              tend to rise during tougher economic times
a typical year, Americans                                                                                                                                                         many people
                                                                                                                                                                              because
redeem $3 billion worth                                                                                                                                                       look for ways to
of coupons, with fewer and fewer finding                                                                                                                                      save money, said Larson,
themselves too embarrassed to pull out wads of
                                                                                                                                                                               adding that consumers might also have
coupons or lug in baseball card albums choked with
                                                                                                                                                                               more time on their hands to clip and sort.
coupons for breakfast cereal and canned soup.
                                                                                                                                                                               Larson rattled off the grocery coupon’s
                                                                                                                                                                               various effects: They draw attention to a
“There’s less negative stigma attached to coupon use
                                                                                                                                                                               product, lower its price for past buyers and
during slower economic times,” said Ron Larson, a
                                                                                                                                                                               attract new ones, generate consumer “pull”
marketing professor at Haworth College of Business at
                                                                                                                                                                               during soft sales periods, remind even
Western Michigan University in Kalamazoo.
                                                                                                                                                                               nonclippers of the product’s existence,
                                                                                                                                                                               create a marketing synergy benefit when

               Nearly                                                                                                                                                          coupled with in-store specials, and they limit
A recent survey bears that out.                                                                                                                                                growth of private-label competitors. Despite

57 percent of 3,013                                                                                           the manufacturers’ desire to snare a steady buyer with a coupon offer, Martinez says she no longer
                                                                                                              becomes loyal to a particular brand. “I’m a sale kind of girl,” she said. Her grocery cart included a mix

consumers surveyed nationwide in December                                                                     of national and private-label brands, including a loaf of Albertsons budget Good Day sandwich loaf. The
                                                                                                              Minnesota-born Martinez alternates between Kroger and Albertsons, depending on the weekly specials.

admitted that they were once self-conscious                                                                   Both are convenient on her commuting route. And both double and triple the value of many coupons.
                                                                                                              Typically, the big-box discounters like Wal-Mart and Target discount only the face value.

about handing over grocery coupons but no                                                                     Although some coupons carry fine print saying they cannot be combined with other offers, she learned
longer care because of the money they’re saving,                                                              from Internet couponing forums that most stores don’t mind. On Thursday, Albertsons staff said they
                                                                                                              had no objection if the computerized scanning system accepted them. “Cheese was a really good deal,”
according to a study by ICOM Information & Communications, a provider of marketing data. Twenty-two
                                                                                                              Martinez said. Combining offers allowed her to apply an in-store flier coupon putting a $5 sale price on
percent said they were still uncomfortable using the coupons.
                                                                                                              three 8-ounce packages of Kraft-brand cheese along with a newspaper coupon and another won in an
                                                                                                              online contest. The combination reduced her cost to 50 cents apiece. The usual retail price of an 8-ounce

Forty-three percent said they’ve used coupons                                                                 packet at Albertsons is $2.50. While few supermarkets make much, if anything, on savvy coupon users
                                                                                                              like Martinez, she wouldn’t be there without the tiny slips of paper. Before August, most of her groceries

more in the past six months, it said.                                                                         were purchased at Sam’s Club. “But I stopped after I began couponing, and find I get better deals
                                                                                                              at supermarkets with coupons,” said Martinez, noting that coupons don’t help much in the large bulk
                                                                                                              quantities at a wholesale club store like Sam’s.
Manufacturers of brand-name food products, under pressure from supermarket chains’ cheaper private-
label items, bought about 5 percent more coupons in the fourth quarter of 2008 to promote their goods at
                                                                                                                                         “It was my most
a time when cost-conscious American families are eating more home-prepared meals, said Suzie Brown            “Frankly, I used to hate grocery shopping,” she went on.
(no relation to the NCH executive), chief of marketing at Valassis.
                                                                                                              dreaded chore until I started coupon-clipping.
On a recent Thursday evening, Martinez entered an Albertsons in Hurst, Texas, with a shoebox-sized,
purple plastic box containing more than a thousand coupons sorted by category, and picked up the weekly

                                                                                                                          “Now it’s an adventure
store circular with a front-page of more coupons. Less than 30 minutes later she wheeled her cart toward
cashier Cinda Atkins’ checkout lane with $103.08 worth of groceries. After her coupons were scanned,
Martinez said, “This is my favorite part.” Atkins calls out that the cost was reduced to $61.49 — a savings

                                                                                                                            and a challenge.”
of $41.59 or slightly more than 40 percent. The customer next in line, who waited patiently as 40 coupons
were scanned, shook his head in amazement.

More Related Content

Recently uploaded

CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):comworks
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clashcharlottematthew16
 
Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Commit University
 
Unraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfUnraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfAlex Barbosa Coqueiro
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr BaganFwdays
 
Dev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebDev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebUiPathCommunity
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenHervé Boutemy
 
Advanced Test Driven-Development @ php[tek] 2024
Advanced Test Driven-Development @ php[tek] 2024Advanced Test Driven-Development @ php[tek] 2024
Advanced Test Driven-Development @ php[tek] 2024Scott Keck-Warren
 
"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
"Federated learning: out of reach no matter how close",Oleksandr Lapshyn"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
"Federated learning: out of reach no matter how close",Oleksandr LapshynFwdays
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupFlorian Wilhelm
 
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostLeverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostZilliz
 
Vector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesVector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesZilliz
 
AI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsAI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsMemoori
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxhariprasad279825
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsRizwan Syed
 
Training state-of-the-art general text embedding
Training state-of-the-art general text embeddingTraining state-of-the-art general text embedding
Training state-of-the-art general text embeddingZilliz
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024Lorenzo Miniero
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Enterprise Knowledge
 
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Wonjun Hwang
 

Recently uploaded (20)

CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clash
 
Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!Nell’iperspazio con Rocket: il Framework Web di Rust!
Nell’iperspazio con Rocket: il Framework Web di Rust!
 
Unraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfUnraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdf
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan
 
Dev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio WebDev Dives: Streamline document processing with UiPath Studio Web
Dev Dives: Streamline document processing with UiPath Studio Web
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache Maven
 
Advanced Test Driven-Development @ php[tek] 2024
Advanced Test Driven-Development @ php[tek] 2024Advanced Test Driven-Development @ php[tek] 2024
Advanced Test Driven-Development @ php[tek] 2024
 
DMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special EditionDMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special Edition
 
"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
"Federated learning: out of reach no matter how close",Oleksandr Lapshyn"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project Setup
 
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostLeverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
 
Vector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesVector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector Databases
 
AI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsAI as an Interface for Commercial Buildings
AI as an Interface for Commercial Buildings
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptx
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL Certs
 
Training state-of-the-art general text embedding
Training state-of-the-art general text embeddingTraining state-of-the-art general text embedding
Training state-of-the-art general text embedding
 
SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024SIP trunking in Janus @ Kamailio World 2024
SIP trunking in Janus @ Kamailio World 2024
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024
 
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
 

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Cnn On Coupon Clipping Rise April 09

  • 1. Recession Promotes Coupon Usage... nomic shock gives rise to coupon cutting - CNN.com http://cnn.site.printthis.clickability.com/pt/cpt?action=cpt&title... It’s Headline News! Reports... Powered by Economic shock give rise to Coupon Cutting SAVE THIS | EMAIL THIS | Close (CNN) -- The rising price of company’s 40-year history. Strickhouser said. consumer goods is driving Economic shock gives rise to coupon cutting shoppers from all walks of life to “People might say coupons are Strickhouser said specific figures use Story Highlights for food, beauty necessities related to usage is proprietary coupons just for tightwads, but people Shoppers are turning to coupons for deals on luxuries and aidsEntertainment.com services such as products atup 153dining in 2008 and pharmacypercent more coupons for casual percent from all kinds of economic information and unavailable for users print 198 Use of coupons for oil changes, dry-cleaning an increasing rate,upaccording backgrounds are more likely to release, but said the number quot;Couponingquot; at big box retailers 14 percent, even as restrictions increase to some of the country’s largest use them,” Strickhouser said. “It’s represents a significant surge By Emanuella Grinberg purveyors of manufacturers’ good sense to use them.” in consumer response in the CNN coupons.price of consumer of the country's largest purveyors of manufacturers' coupons. for food, beauty aids and pharmacy products at (CNN) -- The rising goods is driving shoppers from all walks of life to use coupons an increasing rate, according to some Consumers from several In mid-2006, consumers erall economic backgrounds are bucked a 15-year period The once-popular act of coupon cutting -- introduced by the inventor of Coca-Cola syrup more than 100 years ago -- is again becoming a household s ov chore. user se clipping coupons.less, they aren't necessarily cutting back on necessities or luxuries. Instead, consumers are hunting for deals of decline by redeeming on s coup t they u e brand While people may be looking to spend 2.6 billion manufacturers’ of on where to dry-clean their clothes, get their oil changed or take the family out to dinner, said MaryAnn Rivers, CEO of Entertainment Publications, 88% tha h y...and a 198 percenton t in the which publishes community-based coupon books and Web sites. Consumers from coupons. ey increase sa mon several for casual or quot;quick-servequot; meals since last year. Rivers said the company's site has seen a 153 percent increase in the use of coupons for day-to-day necessities s ve economic has slowed down, they're just looking to save more often,quot; said Rivers,twhosea ly buy! sold in schools and k up” on use of coupons ns o publication is activities “I think that what we’re oThey are trading down fromoften and moving into more l “stoc backgroundsa fundraising tool. quot;We're getting back to basics withup ey usua quot;It doesn't appear activity co people. seeing is a behavioral to community organizations as th arecompanies are also seeing gains. Florida-based Valpak, whose signature bluetenvelopes land in about 45 millionthomesm year, hasy! e he eachy bu seen affordable opportunities.quot; tha clipping change in the consumer y us products ll a use of its coupons increase 8 percent since last year for products such as groceries, take-out food, theimprovement usu and specialty retail. Other coupons. that could have lasting say they home 47% quot;Coupons motivate customers when they're looking at different stores that offer the same goods. They're s effects. If you shift nd more likely to go with a storew offers bra that e try n The once- buying patterns and coupons,quot; Valpak spokeswoman Marsha Strickhouser said. to popular specific figures related to usage is proprietary information and unavailable for release,hemthe number represents a significant Strickhouser said act of enjoy benefits of t but said use s! 47% uctlikely to use them,quot; Strickhousertsaid. surge in consumer response in the company's 40-year history. coupon cutting doing that, you will ’s prod tha ! rand or them -- introduced likely continue in that quot;People might say coupons are just for tightwads, but people from all kinds of economic backgrounds are more b by theconsumers bucked a 15-year period of decline by redeeming 2.6 billion manufacturers' coupons. try a nsive” f quot;It's good sense to use them.quot; In mid-2006, inventor pattern,” he said. to of Coca-Cola remained consistent, with redemption at mass merchandisingtstores m oo expeTarget up 11 percent since e se h y t as Wal-Mart and “For the marketer, u fa 41% syrup more thanco-chair of the Promotion Marketing Association's Coupon all ore o Since then, the numbers have such it’s an opportunities su Council. “u 2007, according to Charles Brown, y m of ould 100 years ago also has risen in dollar stores and convenience marts by 14 percent since last to buas the usewcoupons as a quot;Couponing,quot; as Brown calls it, -- is to bring in more year, even ey m e the t than th again becoming a customers and get marketing tool has declined in the packaged goods arena. us 29% duc household chore. them to try new on pro sed d ba ,000 h an an 2 things.” Marc ll d in f more th . The fu ductervey o10/10/08 8:44 AM y! site f2 con ons y bu was ustom su le coup While people may be lse,” all b c er Pu s and a m printa norm nsum on o looking to spend less, Links referenced within this article: n Co Simm oupons.c oupo from eC ble C arch ns th National Economy - http://topics.cnn.com/topics/National_ Printamer rese Inc. ow . they aren’t necessarily 8 “200 consu ns, om oupoponsinc.c e Economy y, th tional rs. C stud The piled na pon use at cou cutting back on Entertainment Publications Inc. - http://topics.cnn.com/top- le com ble cou loadab n printa is dow necessities or luxuries. ics/Entertainment_Publications_Inc rt repo Instead, consumers Recession drives consumers are hunting for deals on where to dry-clean their clothes, to Coupons for Savings get their oil changed or take the family out to dinner, said MaryAnn Rivers, CEO of Entertainment In a rough economy, frugal shoppers third-most-popular strategy. Publications. are turning to coupons. comScore’s “State of the US Online Retail In an October 2008 survey of 2,000 “Coupons motivate customers Economy: Q3 2008” report said that female Internet users ages 18 when they’re looking at different 62% of responding US consumers and older by SheSpeaks, 76% of stores that offer the same goods. who were decreasing their shopping respondents reported sharing offline They’re more likely to go with expenses in October 2008 were using coupons found in magazines, direct a store that offers coupons,” coupons more often to do so—the mail or newspapers with their friends. Excerpts from eMarketer Inc. 2009 Valpak spokeswoman Marsha
  • 2. As Times Get Tougher, Consumers Turn to Coupons Associated Press Martinez does even better on health and beauty items at two major drug chains, CVS and Walgreen, Published: March 16, 2009 12:54 PM ET bringing her monthly average overall savings close to 70 percent. On Jan. 10, a receipt showed that she paid just $1.05 for $45.45 worth of goods at Walgreens, having combined store coupons providing credits FORT WORTH, Texas Gwen Martinez is buying more for the entire price of an item with coupons groceries and health and beauty products than ever clipped from the newspaper for the same before — but spending less. Like a growing number product. of Americans in this economic downturn, 29-year- ! old Martinez is a relatively recent convert to clipping ox ur S The savings allow her to spend more on coupons from newspapers and in-store circulars and EE in n food and healthcare goods than before, and finding them online. ilb to pay down some credit card bills. po Yo g “I am saving about 69 percent overall,” said the Stephanie Nelson of couponmom.com Arlington, Texas, medical secretary, who began in Ma claims that a family of four can save $100 August after a fellow customer at a Walgreens checkout a week on groceries by clipping coupons. gave the cashier a handful of coupons, immediately Sa Cou Since 75 percent of grocery coupons saving her $10. come from the Sunday newspaper, she recommends buying two or three copies to Martinez was hooked, and she’s far from alone. save dramatically, then scan the Internet “Coupon clipping is for more. And some manufacturers are sweetening the deal. ed v definitely up,” said Mark Adamcik, 45, to Last year, multiple-purchase requirements an Albertsons store manager who’s worked more than on health and beauty coupons dropped to 6 two decades for the chain and its predecessor, Skaggs. percent, from 11 percent in 2007. Moreover, expiration dates were lengthened, the FR “As the economy tightens average period rising to 2.8 months from 2.6 months, said NCH’s Brown. But the up, it makes coupons opposite was true for grocery coupons, which saw expiration dates reduced to 2.3 more appealing.” months in 2008 from 2.4 the year before. er Multiple-purchase requirements decreased, but only by a tad, to 35 from 37 percent. liv Coupon use rose 15 The average value of De percent in the last three a coupon distributed months of 2008, compared with today is $1.29, the same period of 2007, said Charlie Brown, vice president of marketing at NCH, the redemption unit NCH’s Brown said. of Livonia, Mich.-based Valassis, which invented the Sunday newspaper coupon sections and owns Red in Coupon use and private-label purchases Plum, one of two big coupon companies. And tend to rise during tougher economic times a typical year, Americans many people because redeem $3 billion worth look for ways to of coupons, with fewer and fewer finding save money, said Larson, themselves too embarrassed to pull out wads of adding that consumers might also have coupons or lug in baseball card albums choked with more time on their hands to clip and sort. coupons for breakfast cereal and canned soup. Larson rattled off the grocery coupon’s various effects: They draw attention to a “There’s less negative stigma attached to coupon use product, lower its price for past buyers and during slower economic times,” said Ron Larson, a attract new ones, generate consumer “pull” marketing professor at Haworth College of Business at during soft sales periods, remind even Western Michigan University in Kalamazoo. nonclippers of the product’s existence, create a marketing synergy benefit when Nearly coupled with in-store specials, and they limit A recent survey bears that out. growth of private-label competitors. Despite 57 percent of 3,013 the manufacturers’ desire to snare a steady buyer with a coupon offer, Martinez says she no longer becomes loyal to a particular brand. “I’m a sale kind of girl,” she said. Her grocery cart included a mix consumers surveyed nationwide in December of national and private-label brands, including a loaf of Albertsons budget Good Day sandwich loaf. The Minnesota-born Martinez alternates between Kroger and Albertsons, depending on the weekly specials. admitted that they were once self-conscious Both are convenient on her commuting route. And both double and triple the value of many coupons. Typically, the big-box discounters like Wal-Mart and Target discount only the face value. about handing over grocery coupons but no Although some coupons carry fine print saying they cannot be combined with other offers, she learned longer care because of the money they’re saving, from Internet couponing forums that most stores don’t mind. On Thursday, Albertsons staff said they had no objection if the computerized scanning system accepted them. “Cheese was a really good deal,” according to a study by ICOM Information & Communications, a provider of marketing data. Twenty-two Martinez said. Combining offers allowed her to apply an in-store flier coupon putting a $5 sale price on percent said they were still uncomfortable using the coupons. three 8-ounce packages of Kraft-brand cheese along with a newspaper coupon and another won in an online contest. The combination reduced her cost to 50 cents apiece. The usual retail price of an 8-ounce Forty-three percent said they’ve used coupons packet at Albertsons is $2.50. While few supermarkets make much, if anything, on savvy coupon users like Martinez, she wouldn’t be there without the tiny slips of paper. Before August, most of her groceries more in the past six months, it said. were purchased at Sam’s Club. “But I stopped after I began couponing, and find I get better deals at supermarkets with coupons,” said Martinez, noting that coupons don’t help much in the large bulk quantities at a wholesale club store like Sam’s. Manufacturers of brand-name food products, under pressure from supermarket chains’ cheaper private- label items, bought about 5 percent more coupons in the fourth quarter of 2008 to promote their goods at “It was my most a time when cost-conscious American families are eating more home-prepared meals, said Suzie Brown “Frankly, I used to hate grocery shopping,” she went on. (no relation to the NCH executive), chief of marketing at Valassis. dreaded chore until I started coupon-clipping. On a recent Thursday evening, Martinez entered an Albertsons in Hurst, Texas, with a shoebox-sized, purple plastic box containing more than a thousand coupons sorted by category, and picked up the weekly “Now it’s an adventure store circular with a front-page of more coupons. Less than 30 minutes later she wheeled her cart toward cashier Cinda Atkins’ checkout lane with $103.08 worth of groceries. After her coupons were scanned, Martinez said, “This is my favorite part.” Atkins calls out that the cost was reduced to $61.49 — a savings and a challenge.” of $41.59 or slightly more than 40 percent. The customer next in line, who waited patiently as 40 coupons were scanned, shook his head in amazement.