A story from today’s Marketing Daily suggests that people are having a little fun with the lifestyle changes that were sparked by the Great Recession. Click here to read the article, which was based on a study from Deloitte.
Implications: In the years leading up to the Great Recession, one of the consumer trends I enjoyed pointing-out was called “Overwhelming Abundance.” It was the idea that we can buy almost anything, anywhere, and that we had become a very disposable society. Getting things fixed was rare. Getting things replaced was the norm.
This story suggests that people are looking back on that life with a little embarrassment. They are enjoying the idea of being a bit more picky, a bit more careful/responsible, and opting for products and services that actually add value to their lives. They’ve turned “value hunting” into a virtual sport, using coupons, shopping harder, and comparing prices.
You know, it’s funny: Not long ago, we would see an offer and say, “Why not!?”
Now, we are asking, “but why?”
Your messaging should answer that question.
Mike Anderson
Wednesday, July 14, 2010
Mourning has broken: People are not as bummed-out about living lean as you might think
Labels:
Economy,
Elm Street Economics,
Grocery,
Packaged Goods,
Recession,
Recovery,
Supermarkets
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