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- Harnessing The New Age Of Customer Frugality
- Many businesses have been bitten by this so-called "Paradox of thrift." frugality might be a great idea for the individual, but for the businesses that rely on the spending of that customer, it can really ding the bottom line. There are a lot of tried-and-true responses to this. Offer big...
- White papers 2009-09-29
- Discretionary Spending May Dry Up Quick in Holiday Aftermath
- The new jobless figures are a reminder that retail will be hit hard as the recession puts more consumers out of work. Making matters worse for most retailers, the current recession comes after several years of what has been termed the War on the Middle Class. Backers...
- Blog posts 2008-12-11
- Shoppers Still Cling to Staycation And Sew-it-Yourself
- News that a number of economies around the world are emerging from recession doesn't seem to have rubbed off on domestic consumers. Does this mean British Shoppers have adopted a sort of self-imposed frugality? This week, Japan announced it had grown GDP in the first three months of...
- Blog posts 2009-08-18
- Will U.S. Consumers Really Embrace Frugality? Fat Chance
- The bad news on U.S. consumer spending just keeps getting worse. Retail sales fell again in March, and in a historic development, consumer prices fell from year to year for the first time since 1955 -- perhaps heralding the onset of actual deflation. (Some economists -- as well as me...
- Blog posts 2009-04-15
Additional Resources
- New Frugality Is Settling In, Nielsen Contends
- We’ve heard a lot about the New Frugality lately, but is it fact, myth or hype? Walmart’s Mike Duke helped establish the idea that the American consumer would be fundamentally changed by experiences in the recession, and he posited a state, referred to as the “new normal,â€...
- Blog posts 2009-10-09
- Frugality Is the Latest Trend
- Paul Kedrosky submits: A comment from Merrill Lynch's David Rosenberg got me thinking, perversely enough, that one money-making trend to watch going forward will almost certainly be a burgeoning U.S. market in -- wait for it -- frugality. Frugality is going to set...
- External links 2008-08-19
- Retail in the Age of Frugality: Saks Gets It, Starbucks Not Quite
- Bill Zielinski submits: Retailing has suddenly become a lot more complicated than simply planning how many more stores to open next year and projecting sales increases. Today, the toughest job is surviving. Job losses, pay cuts and lack of credit have turned the once profligate American consumer into a...
- External links 2009-02-10
- Oly: IOC approves of China's frugality drive over Olympic venues
- AAP Sports News Australia 10-30-2004 Oly: IOC approves of China's frugality drive over Olympic venues BEIJING, Oct 29 AFP - The International Olympic Committee IOC said Friday it approved of Beijing's plan to scale down or re-model some 2008 Olympic...
- Research articles 2004-10-30
- Will Continued Frugality Weigh on Consumer ETFs?
- Michael Johnston submits: The recession may technically be over, but the recession mindset continues to linger in many consumer households, and may impact shopping habits for the foreseeable future. With unemployment recently breaking through the 10% mark, the Federal Reserve noted that household spending “appears to be expanding but remains...
- External links 2009-11-10
- "I Like $280,000". (Through the Wire).(EchoStar Communications Corp. to pay steep filing fee for merger review)(Brief Article)
- EchoStar Communications Corp. CEO Charlie Ergen is a man notorious for his frugality, known for tossing around nickels as if they were manhole covers. So, when EchoStar and DirecTV Inc. get around to filing their $25.8 billion merger for appr ...
- Research articles 2001-11-26
- Valassis' Plan to End Newspaper Coupons Outrages Middle America
- Valassis CEO Alan Schultz told investors recently that "we are hearing some consumer grumbling" about his company pulling its Red Plum coupons out of local newspapers in favor of sending them via the U.S. Postal Service or making them available online at RedPlum.com. But it's more than...
- Blog posts 2009-02-24
- The Lost Culture of Saving
- Social scientist Barbara Dafoe Whitehead discusses the institutions and forces that conspire against saving, and how we can change them. According to Whitehead, shortsighted government policy and a financial system based on greed turned Americans away from thrift… Even before it was fashionable, Barbara Dafoe Whitehead was proselytizing about the...
- Articles 2009-03-05
- Best of Ben - Popular Posts from the Archives
- Many months ago Breck Yuntis at Duke University asked me if I had a "Best of" list for this blog. I've been blogging since June 2004 and have posted 1,011 times. One of the problems with the reverse chronological nature of blogs is that the "best" posts aren't necessarily promoted...
- Blog posts 2007-02-03
- Team Dynamics During the Boom
- After the dot-com bubble burst, there was much self-congratulation among the old guard. “I told you so†echoed through major business magazines and news programming. There was, I seem to remember, a general tearing down of anything that might be associated with the so-called New Economy.Granted there was a generous...
- Blog posts 2007-08-22
- The Dignity of Discount
- Retailers should provide consumers with the opportunity to practice frugality in a way that doesn't seem frugal, while lifting the perception of their quality of life. Such retailers are providing consumers with a dignified shopping experience at a time when it is hard to be a consumer. Article informs what...
- White papers 2002-12-03
- Convince Consumers to Indulge for Their Own Good
- As people continue to pinch pennies in a slowing economy, how does the seller of upscale products and services convince them to buy items that are impractical Hummer, unnecessary Amazon rain forest excursion, or expensively luxurious Lobster of the Month Club? The answer is simple. Lay...
- Blog posts 2008-07-09
- Meet the Scrimpers -- Your New Credit Crunch Customers
- Finding customers a little tougher to persuade? You can sell to just about anyone if you understand what motivates them. That's the thinking behind a study covered in Contagious by M&C Saatchi, the ad agency. M&CS's “Reacting to Recession†breaks consumers down into eight types. If you can identify...
- Blog posts 2008-07-31
- 3Com Corp. makes frugality a priority. (construction of new headquarters buildings) (Cover Story)
- Company chose a headquarters design that would appeal to a potential buyer or tenant Company chose a headquarters design that would appeal to a potential buyer or tenant
- Research articles 1992-06-01
- FORD PRESSES MOLD MAKERS FOR FRUGALITY.
- A new global tooling policy at Ford Motor Co. will put the burden on suppliers to do a better job of sourcing the molds, dies, fixtures and other specialized equipment used to make commodity-type auto parts. But suppliers still will be able to reco ...
- Research articles 1999-03-01
- The Future is Frugality
- Michael Shedlock submits: David, Rosenberg, Merrill Lynch's chief North American economist, says the US Remains Firmly In Recession. Merrill Lynch’s David Rosenberg, the first economist from a major bank to declare a US recession was underway back in early January, argues that recent unemployment figures show yet more evidence...
- External links 2008-08-11
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