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Updated: 10:28 PM Sep 5, 2010
Want Cheapskates to Spend? Hawk Gizmos that Save
How do you get penny pinchers to spend these days? Pitch products that promise to save them money.
Posted: 10:28 PM Sep 5, 2010Reporter: Associated Press |
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How do you get penny pinchers to spend these days? Pitch products that promise to save them money.
Demand is rising for kitchen and bath gadgets that squeeze out that last blob of toothpaste and help get the suds out of tiny slivers of soap.
Other items that are seeing a rise in interest, include caps that keep the fizz in your opened soda cans. Also moving off store shelves, digital day counters that help you keep track of how long food has been in your refrigerator so you know when to toss it.
Marketers of these gizmos tout how the pennies they save by reducing waste. Retailers are stocking up.
During the Great Recession, penny pinchers got even cheaper, while showing the newly frugal how it's done. Cheapskate gadgets may be a sign of the times. But they're also a sign of how product makers and retailers are trying to get people back in the spending habit.
Big companies like Wal-Mart Stores Inc. and The Container Store are stocking up on items claiming to help people save a buck.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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