NEW YORK, Sept. 4 NY-PMA-coupons
Consumers Save Nearly $3 Billion Using Coupons
The Promotion Marketing Association Coupon Council Releases New Coupon Usage Statistics and Kicks Off National Coupon Month
NEW YORK, Sept. 4 /PRNewswire-USNewswire/ -- As Americans continue to be concerned about the price of gas and general cost of living in today's unpredictable economy, they look for ways to save and get the most "bang for their buck." September is National Coupon Month and a reminder that clipping coupons is an easy and fun way to save.
According to recent research from the Promotion Marketing Association's (PMA) Coupon Council, many consumers are already taking advantage of the savings opportunities. The recent PMA Coupon Council Internet survey of 1,000 people found that:
-- 89 percent of the overall population report that they use coupons when shopping (for grocery, household and healthcare items at supermarkets).
-- 97 percent of primary shoppers report that they use coupons at supermarkets.
-- Coupon users report an average of seven percent savings on their grocery bill with coupons.
"Consumers love coupons - they are a great way to economize, stretch the grocery budget and try new products for less than retail price," says Charles Brown, Co-Chair of the PMA Coupon Council. "And particularly when shoppers are pinched by rising gas and energy costs, as well as increasing food prices, coupons offer an easy chance to save. All consumers have to do is organize their shopping to buy items with the coupons available to them - whether in their newspaper, in their mailbox, in the store or on the internet."
Consumers See Value in Coupons - Typical Savings
-- Studies have shown that consumers who spend 20 minutes per week clipping and organizing their coupons can save up to $1,000 per year. (With an average annual family grocery bill of $5,000 that means 20 minutes could result in a 20 percent savings from coupons).
-- The typical family saves between $5.20 and $9.60 per week using coupons.
-- Those who spend 10 minutes or less per week clipping and organizing their coupons (46 percent of consumers) still achieve an average $7.00 weekly savings on their grocery bill.
PMA Coupon Council Co-Chair Matthew Tilley adds, "In this environment, consumers can be particularly responsive to coupon offers. But so far in 2008, CPG marketers haven't really changed the number of coupons available, therefore consumer redemption is steady with last year. That's a significant change because until last year, we saw 15 years of declining coupon redemption in the U.S."
Other Coupon Usage Statistics
-- Approximately $2.6 billion is saved annually by consumers using manufacturer's coupons when shopping for packaged products.
-- More than $350 billion of packaged goods coupons are offered annually.
-- Today, the average value is approximately $1.25 per coupon.
-- Nearly 90 percent of all coupons are issued in the Sunday newspaper Free Standing Inserts (FSI), but coupons are also available directly in many retailers' ads or in the store, and in magazines, in and on the package, on the Internet, and even in your mail box.
For more information about coupon usage, coupon clipping tips and more, please visit: www.couponmonth.com.
About the PMA Coupon Council
Founded in 1994, the PMA Coupon Council is an advocacy group for coupons within the Promotion Marketing Association. The group focuses on providing education on, and promoting the use of, couponing among manufacturers, retailers and consumers.
About the PMA
Established in 1911, the Promotion Marketing Association, Inc (PMA) is the premier not for profit organization and resource for research, education and collaboration for marketing professionals. Representing the over $1 trillion integrated marketing industry, the organization is comprised of Fortune 500 companies, top marketing agencies, law firms, retailers, service suppliers and academia, representing thousands of brands worldwide. Championing the highest standards of excellence and recognition in the promotion and integrated marketing industry globally, PMA's objective is to foster a better understanding of promotion and integrated marketing and its role in the overall marketing process. The PMA is headquartered in New York City with its affiliate, the PMA Educational Foundation, Inc.
SOURCE Promotion Marketing Association Coupon Council
