Money makes the world go round, right? So when a global recession strikes, the impact can be massive. And after the big spending seen in decades of the eighties and nineties, the economic downturn of the past few years has proved to be a massive wake-up call. Overnight big high street names went bust – Woolworths, Habitat, Jane Norman to name just three. And as business struggled, it was a case of the survival of the fittest and the battle for customers’ cash began.
But aside from the doom and gloom, what else has this economic downturn meant? Well, take spending habits. Aside from footballers and celebrities, gone are the days of spend, spend, spend. Now, it’s all about shopping around and saving cash. That’s why there’s been a surge in money-saving websites, because being frugal has never been so cool. In fact a recent survey of 2000 adults by voucher site Quidco revealed that nine out of ten people think being prudent is totally on trend. And there are plenty of ways people are saving cash.
Pound shops are booming with the likes of recognised money-saving retailers Poundland, 99p Stores and Home Bargains all getting a slice of our cash with increasing turn-over. And this is set to increase with analysts at grocery experts IGD claiming this end of the market will be worth around £8billion by 2015. And saving cash is proving classless with even millionaires recognising the merit in looking after the cash and getting value for money. Look no further than the cast of Channel Four’s ‘Made In Chelsea’, who aside from frequenting the posh shops on London’s King’s Road, also admit to shopping in Poundland.
Supermarkets are another battleground. Yes, the big names are still making money, but growth is reportedly stalling because there’s a new breed of money savers. Discount stores such as Lidl and Aldi are growing their slice of the market as shoppers opt to save cash with around four out of ten people shopping in budget supermarkets. It’s meant that the top two British supermarket brands, Tesco and Asda lost their share of the market in 2011, with Tesco going on this year to dip below its lowest level for almost seven years.
The recession has also meant customers now shop about. It’s become a buyer’s marker and auction sites like Ebay can offer valuable money-saving opportunities. From household items to the latest in fashion, there’s plenty of choice online. But, whilst saving you cash, this type of shopping can have its own hidden costs like the postal charges. So in order to keep savings made in shopping, it’s vital that you get a cheap courier and shop about for the best price.
Pharos Parcel are committed to giving our customers the best deals possible. And the easy-to-use service means shoppers can find out exactly how much a parcel is going to cost, all with the click of a button. That’s thanks to our get a quote page which means posting a parcel has never been easier. And with an easy, fast, reliable and affordable service like this, it’s no wonder it’s proving popular with families and businesses alike.