Attention all snail-mailers: the cost of postage just went up.
Effective Jan. 22, a first-class stamp costs $0.45, requiring non-Forever Stamp holders to stock up on festive Navajo necklace "make-up" stamps. This represents the first postage-rate increase in over two years and comes amidst a labor dispute between the U.S. Postal Service and over 240,000 workers.
Though postage rates continue to increase, online shopping trends toward free shipping as consumer demand drives retailers to forfeit delivery charges. Just last year, L.L. Bean and Nordstrom announced free shipping on all orders all the time. Similarly, Best Buy and Overstock offered free shipping with no minimums over the holiday season. And over 2,000 retailers offered some form of the promotion during Free Shipping Day, generating over $1 billion in online sales.
Still, some retailers will avoid offering free shipping all the time, enjoying the one-time boost in sales that intermittent promotions provide. For example, a Lands' End free shipping promotion is good through the end of this week, driving shoppers to get their orders in before the deadline.
Photo used under Creative Commons from Vards Uzvards.
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Andrea Woroch is a consumer and money-saving expert for Kinoli Inc. She is available for in-studio, satellite or skype interviews and to write guest posts or articles. As a nationally-recognized media source, Andrea has been featured among such top news outlets as Good Morning America, NBC's Today, MSNBC, New York Times, Kiplinger Personal Finance, CNNMoney and many more.
For all media inquiries, please contact Andrea Woroch at 970-672-6085 or email andrea@kinoliinc.com.
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