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Friday, May 30, 2008
The Need for Gasoline Trumps Dad
Posted by Beth
Dad won't be feeling the love on Father's Day as much as mom did on her day according to some research from the National Retail Federation. News from their press release:
Higher prices at the pump and the grocery checkout line might be cutting into Father’s Day budgets. According to the National Retail Federation’s 2008 Father’s Day Consumer Intentions and Actions Survey, conducted by BIGresearch, consumers plan to spend an average of $94.54, compared to last year’s $98.34. Total spending is expected to reach $9.6 billion.
“When it comes to dad, a simple greeting card and family dinner really goes a long way,” said NRF President and CEO Tracy Mullin. “Unfortunately, consumers are torn between their love for dad and their need for gas this year.”
The large majority of consumers (68.4%) will invest in a greeting card for dad, spending an average of $7.49.
8 bucks for a card? That's almost two gallons of gas! Retailers who promote cardmaking can do something fun with this. Why not send out an email with this message:
"Research says consumers will spend an average of $7.49 on a card for dad this Father's Day- check out our Father's day card kits and you can make a great Father's Day card and still have money left over for a gallon of gas!"
And, since many people will be giving gift cards, consider adding a pocket to the card where the giver can tuck in a gift card for gas or otherwise.
You could even cross promote with other local retailers whose businesses are popular with men. Provide them with a couple of card kits to sell alongside gift cards.
Here's a time where cardmaking can be money saving- a timely message if there ever was one.
Enjoy your weekend!--Beth
5/30/2008 8:35:56 AM (Eastern Daylight Time, UTC-04:00)
Comments [1]
5/30/2008 4:00:08 PM (Eastern Daylight Time, UTC-04:00)
Interesting post. It seems like gas prices is a culprit for a lot of problems nowadays. I work for a company that manages and tracks gift cards, and gift cards is a fickle subject. I've been researching ways to save money on savvywallet.com, and sometimes the best way is to do the DIY ( do it yourself) philosophy. Save the 8 bucks, and put it towards something that could provide a greater value than a greeting card. It's not necessarily the card, it's what's in the card. As for the retailers, now's a great time to find ways to cut costs, and buy yourself a gift card.
Austin Chu
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austinAT NOSPAMleveragecard dot com
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