What 2010 Means For Consumers And Retailers
Many think of the new year as a time to start fresh and put the past behind you. This way of thinking may work in some circumstances, but in real life issues that is not always the case. Why you ask? Right when Americans think that the economy has hit rock bottom, it seems as if trends are going to dip down even further into quarter one of 2010. Homes are still expected to foreclose, banks are still going to hesitant about lending, and bailouts have still not personally touched consumers. With America still being on the downtrend, it is not a surprising that many consumers are still saving and spending less (either by choice or necessity).
It seems as if consumers are no longer embarassed, or think they are too good for using coupons, considering the redemption rate of manufacturer coupons were up 26% in the first three quarters of 2009. That is one of the many methods that consumers are utilizing to save a little money, along with not buying as many non-food items, going out for meals, and buying store brand products. Also, consumers have made changes like eating more chicken than beef because it tends to be less expensive.
With all consumer price cutting and shoppers being more aware of their purchases, are there any companies on the rise? Of course there are! As stated above, store brands are bringing in more revenue and are making sure that their shelves are stocked with their items. In some cases a store band product may be several dollars less expensive. Other types of companies that are doing well right now are the super stores (Costco, Sam’s Club, BJ’s, ect), dollar stores, and some online retailers.
Even though there are a lot of companies still in a down turn, it is nice to see that other companies and brands that may not be as popular, are now having THEIR time to shine.

I don’t think there is a day that goes by where something about Twitter is not being talked about. That’s great for them, but what is it really bringing them as far as money in their pockets? It seems they are still working on long term initiatives that would help them make money off it’s popularity. However, for now they are continuing to come up with ideas that will help the current users make money. In the next few days, they will be rolling out the first phase of educational information for businesses on how they can effectively use Twitter to generate revenue for their own company (big and small). Twitter will continue to roll out educational information so they can help their users become more Twitter savvy with Tweeting. They see their site as a great tool for businesses to use to help generate revenue. Does this mean if they are going to help educate businesses on how to make money, then they must have something planned for themselves on how THEY are going to make money? I hope so!
The airline industry is officially getting a piece of the pie…. the “internet” pie that is. According to the