CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Trade your beer, get cool stuff
Australians who hawk messenger bags come up with a novel promotion -- and they're drinking it up all the way to the bank.
By Jessica Seid, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) - Two Australians are turning their taste for beer into sweet success.

For one week only, the Australian marketer Crumpler is making an unusual offer. You give them Chimay, Brooklyn Lager and Guinness, and they give you their messenger bags, laptop cases and bean bag chairs.

Since Crumpler began accepting beer for merchandise on Saturday, the company's two New York stores have been flooded with customers, the owners say.

Curious shoppers have been popping in to check out the goods and then returning with beer, getting bags and telling their friends.

"I heard they were talking about Crumpler on the radio in Florida," said Lindsay Cousley, Director of Crumpler USA.

Founders Dave Roper and Will Miller, former owners of a bike-messenger business, named their bag company after one of their part-time employees, and now co-owner and designer, Stuart Crumpler.

Roper, Miller and Crumpler have a history of stepping outside the box since opening their first store in Melbourne in 1997, which is where the beer for bags event first started, giving their messenger bags quirky names like "Barney Rustle," "Complete Seed," and "Moderate Embarrassment."

During the Beer for Bags exchange in New York, customers can trade certain types of beer for bags: one case of Leffe and a bottle of Chimay will get you a $95 Complete Seed bag; a case of Coopers and two cans of Foster's yield a Barney Rustle bag, which normally sells for $85.

And a case of Sapporo and a bottle of soy sauce nets a Moderate Embarrassment bag, which retails for $80.

The beer costs about $40 to $50, so it's a good deal no matter how you pour it, Roper said.

What happens to all the beer? "We drink it," Roper said with a smile.

And the soy sauce?

"We're going to lather ourselves down with it and wrestle in the street," joked Cousley.

Cousley estimated the company will trade about 600 bags before the exchange ends Sunday and believes the publicity will help the company more than double bag sales this year.

Also helping: The outdoor merchandise retailers REI, EMS and Paragon Sports started selling Crumpler bags this year, and Crumpler began offering its wares on the company's Web site (www.crumplerbags.com).

The bag business brought in approximately $900,000 in revenue in 2005 and is on course to deliver $2 million to $2.25 million in 2006, Cousley said.

The entrepreneurs don't plan on stopping there.

Crumpler plans to open stores in Boston, Seattle, San Francisco and Denver in the future, which may mean more reasons to say 'cheers.'

-----------------------

Ditching the daily grind: 5 who did it. Full story.

Can beer keep you young? Click hereTop of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.