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INDUSTRY NEWS
Promotional Products Sales Reach Record $19.6 BillionApril 29, 2008Sales of promotional products continued their upward climb in 2007 despite a challenging economic environment. According to data released this month by Trevose, Pa.-based Advertising Specialty Institute (ASI), sales rose 5.4%, from $18.6 billion in 2006 to $19.6 billion last year. The organization also noted data from TNS Media Intelligence that showed promotional products sales exceeded the spending on other forms of advertising, including radio ads ($10.7 billion), Internet display ads ($11.3 billion) and outdoor advertising ($4 billion). According to promotional consultants cited in the ASI report, a variety of factors contributed to 2007 sales, including the effectiveness of promotional products for targeted marketing, the rise of online company stores, the availability of products at affordable price points and the enduring value of the products themselves. "Since the life span of a promotional product extends beyond a conventional ad, savvy marketers recognize value and ultimately extend their advertising dollars to reinforce an ad campaign with the diverse product lines that our industry offers," said Carol Constantino, president of Noteworthy Co., a family-owned supplier of plastic and paper promotional products based in Amsterdam, N.Y. For 2008, the report cited several factors that could possibly affect the industry: • Product safety and compliance • Eco-friendly products • Price volatility, especially for products made from petroleum-based compounds. The Promotional Products Association Intl. (PPAI) and Impressions currently have industry surveys underway and will release their 2007 results within the next few months. "Despite using different methodologies, the PPAI and ASI numbers for promotional products sales typically vary little," says Richard Lebovitz, Impressions' editorial director. "While the annual Impressions Decorated Apparel Universe Study uses yet another approach, our preliminary data for promotional products sales growth last year is in line with the ASI data." — Impressions Staff RECENT INDUSTRY NEWS HEADLINES
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Plan now to attend ISS Schaumburg, Aug. 7-9, at the Renaissance Schaumburg Hotel & Convention Center. Workshops begin Aug. 6. When you sign up, register to win up to $1,000 worth of apparel, supplies, equipment and shipping from any exhibitor at the show. A total of $5,000 will be awarded to attendees over the three day show.
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