Coupons reshape economy as Valassis prints billions in savings
George Valassis & Co. dominates coupon inserts printing millions in savings per household. The firm grew from a one-room operation to 350 employees and near $100 million in sales, driven by consumer demand for budget stretching. Coupons reach 102 billion distributed in 1981 with a 4.5 percent redemption rate, while double coupons boost weekly savings to 10 15 dollars.
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Cents-off coupon business booming in Livonia plant
Security is tight inside and outside a 200,000 square foot building where presses run 24 hours a day seven days a week. Trucks are sealed at the dock and waste is dispatched to a shredder.
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