consumer

Extreme couponing: not just for hoarders

I know what you're thinking. How can I possibly think those crazies on TLC's "Extreme Couponing" may be on to something? If you haven't seen the show I will give you brief rundown: people (mostly women) spend hours of their day taking coupon clipping to the extreeme. No, I'm not talking about using bigger scissors- I'm talking about stealing newspapers, trolling the internet at all hours of the night, even dumpster diving. Gross. While the stars of the show use their coupons to buy crazy amounts of product for example, 250 bottles of Tide detergent, there are some couponers out there that are JUST as diligent about couponing but can come up with a more well rounded grocery cart. Check out the piece I did with Reuters TV I did this week on extreme couponing. I had  the extreme pleasure of shopping with Susan Samtur aka "coupon queen" where we bought $167.88 worth of groceries for $4 + tax (total was $8.88). I'm someone who likes to cook and save money at the same time. Maybe there is something to be said for taking some time out on the weekends to clip coupons of foods you like, take advantage of store deals and really become a more active consumer. I'll just pass on the 500 tubes of Crest.

 

Licensing Deals + New Management Still Didn't Help $CROX and $GPS

Unbelievable. Crocs JUST announced two weeks ago that it would be entering into a licensing deal to create a greater product mix(surprise-- but those plastic clog type shoes aren't selling well other than in Asia)! Everyone thought this was 2012's turn around story. And now... NOW with an outlook for Q1 that missed analyst estimates, the street is back to where it started at the beginning of Q4 of 2011- doubtful that this company can really turn it around. And Gap is another one. Same store sales have been negative for a couple months now. And all of those holiday promotions didn't help Q4 numbers- in fact it narrowed margins. The company is offering a buyback program of $1 billion but analysts I spoke to were skeptical. Check out the vid from Friday: