Money-off coupons bounce back as credit crunch bites


Shoppers are more open to the idea of using money-off coupons as they tighten their belts in the wake of the credit crunch and rising food prices.


A report from promotions company Valassis claims 30% of consumers are more actively seeking out promotions than they were 12 months ago.

Of these, 75% cited a rise in the cost of food and the general cost of living as the main reasons for being more responsive.

Valassis managing director Charles D’Oyly said: “Consumers are welcoming coupons into their homes as a practical and proven solution to the rise in cost of the weekly shop.”

In a recent US survey, 67% of consumers said they intend to use more coupons in the light of the economic downturn.

During the last recession, in 1991, Valassis reported a 17% rise in the number of coupons redeemed.

It is predicting a similar level of growth this year.

The company also said it was aware of a “leading supermarket” that had recently observed a sharp increase in the number of customers entering its stores with shopping lists and calculators.

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