Table of Contents Overview Distribution • • • • • • • • • • • Overall CPG Trends Grocery and HBC Trends Top 20 Product Categories Top 10 Categories With Highest Growth Monthly/Quarterly Distribution Index Distribution by Media Distribution by Face Value Purchase Requirements CPG Duration Trends Grocery Duration Trends HBC Duration Trends Redemption • • • • • • • Overall CPG Trends Grocery and HBC Trends Consumer Coupon Use Redemption by Class of Trade Face Value Redeemed Redemption Rates Total Value Saved Product Categories • • • • • • • Dry Grocery Beverages Refrigerated Foods Frozen Foods Household Goods and General Merchandise Over-the-Counter and Rx Medications Personal Care and Hygiene Methodology 2 Overview of U.S. Coupon Distribution and Redemption Trends In 2010, marketers once again distributed more consumer packaged goods (CPG) coupons than the prior year, reaching 332 billion – the largest single-year distribution quantity ever recorded in the U.S., exceeding last year’s prior record by 6.8% or 21 billion coupons. 87.7% of all paper and paperless coupons were distributed in 2010 via Free Standing Insert (FSI) formats, including co-op, solo, and shared mail. The FSI total growth was 19 billion coupons printed, the largest volume increase of all media. The second largest share of coupons distributed was via Handout In-Store media, amounting to 5.2% of the 2010 total. Digital coupons, including both paper and paperless formats, continued to grow in 2010 as marketers embraced these methods to reach a new audience of active users who plan their shopping online and in-motion. In total, NCH measured a 37% increase in the number of digital coupon offers, the largest increase across all types of coupon media. Paperless digital coupons expanded to more retailers in 2010; however, they represent less than a projectable share of the total 332 billion coupons distributed. CPG marketers increased the face value of coupons distributed by 6.6% to $1.46 on average. In addition, 74% of the coupons distributed required the purchase of one item, and 26% required the purchase of two or more items to obtain the offer discount. In order to manage the potential redemption liability of their coupon offers, CPG marketers gave consumers only 10.1 weeks on average to use coupons before expiration in 2010, approximately a week and a half shorter than the prior year. As such, overall redemption volume in the U.S. grew 3.1% to 3.3 billion CPG coupons. Consumer demand for coupons remained high in 2010 as frugal shopping habits created during the most recent recessionary period were sustained throughout the sluggish economic recovery that occurred during the year. In fact, 78.3% of consumers report using coupons regularly, up 14.7 share points from pre-recession levels, and a third of the respondents in NCH’s annual consumer survey said that they used more coupons in 2010 than the prior year. Since pre-recession levels four years ago, a 10.5 share point increase has been seen among consumers reporting that they are using more coupons than the prior year. In total, 2010 consumer CPG coupon usage added up to $3.7 billion of savings in the U.S., an increase of $200 million over the prior year. With so much money at stake, brand manufacturers and fast moving consumer goods retailers must continue to collaborate for the most effective use of coupon promotions while ensuring the expenditures are protected from waste or risk of loss. About This Report NCH, the global leader in business solutions for the redemption, settlement and analysis of promotional offers, is pleased to present its review of annual coupon trends in the U.S. This information is designed to provide detailed reference tables and charts. As a knowledge resource for CPG coupon market trends, retailer in-ad coupons are not included in the NCH analysis, as this vehicle is often funded by trade dollars. As such, retailer in-ad distribution and redemption quantities are not precisely tracked or reported by manufacturers, which might otherwise impact the accuracy of marketplace results. For ease of use, the report is divided into three main sections: distribution trends, redemption trends and product categories. For more information on the methodology used by NCH to study the coupon marketplace, please see the methodology section of this report. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Methodology NCH Marketing Services, Inc. is a global leader in business solutions for the redemption, settlement and analysis of promotion offers. NCH is a Valassis Company (NYSE: VCI). Many of the world’s largest companies trust NCH to protect the financial integrity of more than $4 billion in annual promotional funds transfers between trading partners across the globe. Being the coupon agent of choice for leading retailers and manufacturers is a position NCH has earned for more than five decades through an unwavering commitment to quality, integrity and advanced technology. For more information about NCH, visit www.nchmarketing.com. With the volume of coupons processed by the company in the United States and worldwide, NCH is in a unique position to deliver the most accurate analysis of coupon promotional trends. Coupons distributed and redeemed in the U.S. Consumer Packaged Goods marketplace are studied utilizing our manufacturer client databases, data cleared via our retailer processing operation and other independent sources. Our proprietary methodology utilizes rigorous controls and statistical standards to maintain the integrity of the information contained in this report, as well as, all other information tools supplied by NCH. This report also contains various references to NCH's most recent Consumer Survey. The data was obtained in August of 2010 using a 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. Please note that due to rounding, the sum of certain percentages may not equal 100 percent, or a few respondents to the consumer survey may have chosen not to answer a question, stated that they did not know the answer, or stated that they had no opinion. Your syndicated data supplier and promotional agency are best positioned to help you review competitive marketplace conditions, consumer behaviors and promotional strategies – all of which are contributing factors to the results that your company or brand may experience. Use this report for understanding the total market picture, including the dollars to be protected as they are transacted between trading partners, and for comparing your results to that of the industry averages. To obtain additional information about this report please contact NCH Analytical Services at 847.317.5500 or via e-mail at NCHAnalyticalServices@NCHMarketing.com. Acknowledgments A special thanks to Marx whose data is included in the analysis conducted to produce this report. Marx, a Kantar Media solution 952.925.5272 www.kantarmediana.com/marx Marx, a Kantar Media solution, is the leading provider of syndicated coupon distribution information to manufacturers of consumer packaged goods. Marx delivers brand and category-specific promotion intelligence for both advertisers and coupon industry vendors. © 2011 NCH Marketing Services, Inc. All rights reserved. 40