Tuesday, May 29, 2012

Coupons Valuable, Even When Not Redeemed

Coupons Work --Even When They're Not Used: Data analysis of a 16-month field experiment finds that coupons -- whether used or not -- still increase awareness purchasing of a brand or retailer. The professors found that consumers who got the coupons but didn’t use them still “typically increased their purchases in the associated stores.” In fact, these consumers accounted for 60% of the coupons’ “sales lift” — the additional amount spent on both promoted and unpromoted items.  Data analysis found that coupons — whether used or not — still increase awareness purchasing of a brand or retailer.