Thursday, January 2, 2020

Retail Co-op/Commercial Discount Reminder

Don’t forget to remind your retail and commercial accounts about the great perks they can receive based on purchases they make throughout the year.

Retail Co-op Program
Retail accounts earn co-op credit that can be applied to the costs of qualified advertising, literature, merchandising and promotional items. Co-op credit is earned with every product purchase throughout the year. All credit is awarded at the beginning of January the following year and expires on Dec. 31. The more an account buys in a year, the greater the co-op percentage earned. Co-op credit is earned according to the following scale:

Total Annual Purchases         Percentage Earned in Co-op Credit
$0 - $7,499                                3%
$7,500 - $24,999                       4%
$25,000 or more                        5%

Commercial Discount Program
Commercial accounts also earn discounts based on their annual purchases, and those discounts stay with them all year. At the beginning of each calendar year, an account’s discount is locked in based on its purchases over the previous 12 months. Accounts that purchase enough to qualify for a higher discount level are granted that discount immediately, but accounts that fall out of qualification continue receiving their current discount rate for the remainder of the year.

United States Spend Level     Discount
$5,000 - $9,999.99                     5%
$10,000+                                   10%

Canada Spend Level               Discount
$6,000 - $11,999.99                   5%
$12,000+                                   10%