Published Wednesday, Mar 20, 2019
Evolving Retail Landscape Leads to Greater Consumer Expectations for Savings and Convenience
LIVONIA, Mich., March 21, 2019: Valassis, a leader in activating consumers through intelligent media delivery, today released its annual 2K19 Coupon Intelligence Report, “Empowered Shoppers, Evolving Expectations.” The report examines responses from 1,000 U.S. consumers, noting how their online and in-store shopping behaviors have shifted for traditional consumer packaged goods (CPG) categories following a year that’s seen the retail and grocery landscapes evolve dramatically.
Shopper-friendly technology and the continued appeal of coupons are motivating today’s on-the-go consumers to obtain value no matter where or how they shop. According to the study, 92 percent of consumers use coupons and nearly half (45 percent) use coupons always or very often. In line with what we’ve seen since the Great Recession over a decade ago, millennials in particular are displaying a growing desire for savings, with 30 percent saying they always use coupons when shopping – a significant increase of 43 percent from 2018. Millennials have an affinity for both paper and paperless coupons – with 92 percent using print and 88 percent embracing paperless coupons received on a mobile device or downloaded to a loyalty card.
Overall, 91 percent of those surveyed indicate they use paper coupons and 75 percent use paperless discounts, rising to 96 percent among millennial parents using both types of coupons. Parents – especially dads – are more likely to use paper coupons received in the mail, in a store, from coupon books in the newspaper/mail, or printed from a computer.
“Coupons – print and paperless – remain an essential factor in the relationship between brands and consumers,” said Curtis Tingle, Chief Marketing Officer, Valassis. “Our latest Coupon Intelligence Report highlights that even as commerce evolves, both online and in-store, shoppers look for ways to save both time and money. With shifting expectations and life-stage needs, flexible and frictionless saving options are needed – no matter the channel – to accommodate consumers’ evolving demands. To activate consumers, marketers must take individual preferences and behaviors into consideration when shaping their strategies.”
Consumers still prefer paper coupons more than other types of discounts, and half of all consumers even favor receiving coupons in the mail. However, over the past two years there has been significant growth in the desire for paperless discounts; preference for mobile discounts and those downloaded to a loyalty card are both up compared to 2017 (increases of 19 and 14 percent, respectfully).
In terms of overall sentiment, 89 percent of respondents say using coupons saves them a lot of money. In fact, 85 percent are willing to shop at multiple stores to find the best price and 82 percent will readily switch stores based on weekly specials. Additionally, coupons influence 86 percent of consumers to try new products.
With shoppers empowered by all of the savings options and new ways to shop, marketers should also keep in mind the following shopper profiles to better gain a holistic understanding of today’s modern, dynamic consumers:
To read Valassis’ 2K19 Coupon Intelligence Report in its entirety, download “Empowered Shoppers, Evolving Expectations.”
About the 2K19 Coupon Intelligence Report:
The study was fielded in the third quarter of 2018 in conjunction with a global, third-party market research firm with proficiency in internet surveys. The sample was derived from an online consumer opinion panel, and all participants were at least 18 years of age and living in the contiguous United States. Consumers were emailed an invitation to participate in the survey and were given three days to complete it. The survey was closed once 1,000 completed responses had been reached. The responses were weighted by factors obtained from national census data to provide appropriate representations of demographic groups at summary levels.
Valassis helps thousands of local and national brands tap the potential of industry-leading data through intelligent media delivery – understanding, engaging and inspiring millions of consumers to action with smarter cross-channel campaigns. We’ve been a part of consumers’ lives for decades, introducing new ways to deliver offers and messages that activate them – whether via mail, digital or the newspaper. NCH Marketing Services, Inc. and Clipper Magazine are Valassis subsidiaries, and RetailMeNot Everyday™ is its consumer brand. Its signature Have You Seen Me?® program delivers hope to missing children and their families. Valassis and RetailMeNot are wholly owned subsidiaries of Harland Clarke Holdings.