Posts Tagged ‘grocery stores’

Americans are spending more at bars and restaurants than grocery stores for the first time in history

March 5, 2015 Comments off

In January, Americans spent more at bars and restaurants than at grocery stores.

This chart, which we first saw from economist Mark Perry, shows that in January, spending at bars at restaurants totaled $50,475,000,000 against $50,466,000,000 spent at grocery stores.

Earlier in February, we highlighted this chart, which showed that spending at restaurants and bars rose 11.3% over the prior year, boosted by an increase in consumer confidence as gas prices crashed in the second half of 2014.

A serious sign of strength in discretionary spending from American consumers.

March 4 COTD

Soon coupons (or Big Brother) will find you at the store

January 11, 2011 Comments off
Shana Rose
Coupons, long the staple of the Sunday paper, are going high tech and with the popularity of smartphones, more young people and men are now using digital coupons. But soon technology will progress further and manufacturers will be able to target shoppers right in the store. 

The technology is coming which will pinpoint your exact location in the store. The GPS current phones use doesn’t work indoors, but there are companies hard at work, developing software that will create a detailed map of the store and assign location points throughout the store.

It’s called geotagging.

Companies will be able to geotag consumers with a smartphone. The goal: to send a coupon for an item you wouldn’t normally buy, while you’re near it or standing in front of it in the aisle.

And if you’ve downloaded shopping list apps, or coupon apps, it’s likely the manufacturers or stores will know what kind of items you normally buy, and figure out if they want to offer you a discount to try another brand or an item you might not necessarily buy regularly. Most companies don’t like to give out coupons for items you are going to buy anyway.

The folks I talked to at a grocery store in Metairie say they’d love the savings, but are concerned about having their location pinpointed at all times.