I’ve noticed that companies have reduced the dollar amounts on their coupons. If we have a need to reduce our food bill each week, why are the papers and magazines loaded up with makeup and lip/eye and hair products? The pet food, cleaning/paper products and novelty coupons are good to help reduce the bill, but we can’t eat them.
Are coupon values going down, while coupons for non-food products abound? There’s some truth to this observation.
First, let’s tackle those non-food coupons. According to an October report from NCH Marketing Services, the Deerfield, Ill. coupon clearinghouse, manufacturers issued slightly fewer coupons for groceries during the third quarter of 2012 versus the same time period in 2011. Coupons issued for groceries (that is, food to eat) were down 3.5 percent over 2011. However, health and beauty coupons issued were on the rise during the same time period, jumping 10.4 percent!
Why are we seeing such a significant increase in coupons for beauty?
As early as December 2011, The New York Times noted that nail polish sales have gone up, buoyed by women looking for bargain luxuries as the economy suffers. Statistics appear to support that. We see a lot of makeup coupons out there these days! It would be wrong-headed for marketers to ignore women’s increased interest in pampering themselves. If women are buying more cosmetics, this presents a great opportunity for cosmetics companies to try to gain more of those sales and try to win shoppers over to their brands versus a competitor’s.
Are coupon values going down? According to NCH’s report, they are -- but only slightly. The average face value of a grocery coupon is $1.14, down from $1.18 last year. For health and beauty care, the average is $2.08, down from $2.09.