Posted on 02/26/2013 12:44:21 AM PST by quesney
Consumers are clipping coupons at a rate not seen since before the 2007 recession, and that's a troubling sign, according to Couopons.com CEO Steven Boal.
(Excerpt) Read more at cnbc.com ...
I believe people have watched the shows where people walk in with sixty coupons, buy $400 of groceries, and pay the clerk $25.
I will say....I think the grocery chains are reaching a point where they will yank on the chain and demand cut-backs on coupons.
They are tightening up some, but it’s a relatively cheaper way of advertising than some other ways.
Most people don’t have the patience to learn how to really use coupons. I have a skinflint buddy with 7 children. (Number 8’s on the way!!) He told me how he thought it was a waste of time to coupon, and that he could do better at the dollar store.
I proceeded to tell him how the week before I took about 10 extra large bottles of premium shampoo (Tresseme) out of a store for free. That would have cost him a minimum of $20 for the cheap stuff at the dollar store. I think he’ll come around eventually. :)
Why would the grocery stores demand cutbacks on coupon, anyway? They get face value plus 8(?)cents for every coupon they redeem. It’s no different than using money from the store’s point of view, if they sell the correct amount of product, of course.
CNBC is clueless. The cause is NOT the economy, but the extreme couponing shows.
“This is the best “recovery” I’ve ever seen.”
Really; this unreported inflation is eventually going to have to be reported by the media. Probably right after the 2016 election, when they can’t hide the fact that a bar of soap costs $15.
I really pity small business owners; they couldn’t have foreseen the assault on their way of life that Obamunism has brought about.
Bars of Soap are smaller than they used to be.
Bars of Soap don’t last as long as they used to.
Bars of Soap are more expensive than they used to.
Inflation?? There’s no inflation. Nope. No way. Move along.
May?
Ping
I recently purchased a case of Coca Cola at what i thought was a great price.........imagine my verbiage when i discoved it only contained 20 cans .
........moving along now ...
I never appreciated Mom's frugality until I went on disability. I doubt I'll ever be as extreme as Mom, but when times are tough, it's amazing what you'll do to stay afloat.
So when should I believe CNBC?
...that and cans of coffee which weigh just 13oz instead of a pound.
Don't the companies of the products pick up the tab for the coupons? In other words, unless its in the weekly flyer issued by the store, I thought the store got reimbursed for all other coupons that are issued by the companies of the product.
It's everything. Check out the size of a box of Saltines. There seems to be some collusion involved too, every brand shrank at the same time.
The truth for those who want to hear it is that food prices worldwide are rising at a rate of 15 percent a year.
The BBC World News channel reported that.
I heard a radio station in Australia report last year that food prices there rose at a 15 percent rate in 2011.
Mandating that food be turned into fuel (ethanol) helps to make the prices higher.
Changes in price occur and also changes in packaging to disguise the price hike.
In recent years the once 32 ounce spaghetti sauce jar has been downsized to 26 ounces.
The sixteen ounce can of vegetables is now a 15 or 14 and a half ounce can.
Wal Mart just put out 8 can packs of its sodas like Orangette and Grapette priced at 1.98. That translates into a 2.97 price for 12 cans. The old price for the old 12 can packs they replaced was 2.74.
That’s a price hike with a disguise.
This is the story our media isn’t talking about but should be.
Ha, you don’t even need to go to the store, or talk to people who go to the store, to know how dismal the economy is. Just turn on the TV. Remember the good old days where HGTV had at least three or four shows where everybody was getting rich, rich, rich! flipping houses?
Here’s a quick scroll through my TV guide today:
- Storage Wars (and at least two rip-offs): based on people too broke to pay their storage bills
- Pawn Stars (and at least three rip-offs): based on people bringing in their stuff to sell
- Cash and Cari: based on somebody going to somebody else’s house to sell all their stuff
- Repo Games: based on people getting their cars repossessed
- Real Estate Intervention: based on people who don’t realize that their house isn’t an ATM / retirement jackpot any more
- Cash in the Attic: based on people selling their stuff
- Income Property: based on people not being able to buy houses any more, and people who can’t sell their own houses
You get the idea. There are at least a dozen more; maybe I’ll do a vanity post on this this weekend.
It has been going on for decades, those packs of “Nabs” with six to a pack used to be sold four to a pack. This was done in reverse of what is done now, back in the fifties a pack of four cost a nickel. When the price needed to go up it needed to double so that the vending machines would work without putting in pennies so they doubled the price to a dime and softened the blow by putting six in a pack instead of four. It works out to a thirty three and one third percent increase in price.
those extreme couponing shows are fake.
just like reality tv shows preselect who will or will not “go off the island”.
there are limits to how many which can be used and qualities of items.
also many stores just play games by randomly rejecting coupons “just because”. (see best buy, supermarket duh employees, computer stores, etc)
you have to believe cnbc, they have an official obama insider on all shows.
OBEY!!!!
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