Attributes Affecting Retail Outlet Selection
Attributes Affecting Retail Outlet Selection
Outlet image
–A consumer’s or a target market’s perception of all the attributes associated with a retail outletAttributes Affecting Retail Outlet Selection
Store image - perception of all the attributes associated with a retail outlet.
Retailer Brands
Store brands are closely related to store image, and at the extreme, the store or outlet is the brand.
_Traditionally, retailers carried only manufacturers' brands, and only a few, such as Sears and Wards, developed their own brands.
_Increasingly retailers such as Wal-Mart and Target are developing and promoting high-quality brands with either the store’s name or an independent name.
_The key to success of store brands--high quality at a reasonable price.
Outlet Location and Size
Location and size play an important role in store choice.
_All else equal, consumers generally select the closest store.
_Outlet size is also important. Generally, customers prefer larger outlets over smaller outlets.
_The retail attraction model, or the retail gravitation model, is used to calculate the level of store attraction based on store size and distance from the consumer.
Shopping Orientation
A Shopping orientation is a shopping style that puts particular emphasis on certain activities or shopping motivations.
A recent study used projective techniques (in this case, thinking about an animal) to ascertain the ways college students approach shopping. • Chameleons
· Shopping style situation specific or constantly changing
· Shopping approach is based on product type, shopping impetus, and purchase task • Collectors/Gatherers
· Propensity to stockpile items and to purchase large quantities to either save money or alleviate the need for shopping
· Attempt to get the best price and take advantage of retailer guarantees • Foragers
· Particular and motivated to purchase only the desired items
· Willing to search extensively and have little store loyalty;
Outlet image
–A consumer’s or a target market’s perception of all the attributes associated with a retail outletAttributes Affecting Retail Outlet Selection
Store image - perception of all the attributes associated with a retail outlet.
Retailer Brands
Store brands are closely related to store image, and at the extreme, the store or outlet is the brand.
_Traditionally, retailers carried only manufacturers' brands, and only a few, such as Sears and Wards, developed their own brands.
_Increasingly retailers such as Wal-Mart and Target are developing and promoting high-quality brands with either the store’s name or an independent name.
_The key to success of store brands--high quality at a reasonable price.
Outlet Location and Size
Location and size play an important role in store choice.
_All else equal, consumers generally select the closest store.
_Outlet size is also important. Generally, customers prefer larger outlets over smaller outlets.
_The retail attraction model, or the retail gravitation model, is used to calculate the level of store attraction based on store size and distance from the consumer.
Shopping Orientation
A Shopping orientation is a shopping style that puts particular emphasis on certain activities or shopping motivations.
A recent study used projective techniques (in this case, thinking about an animal) to ascertain the ways college students approach shopping. • Chameleons
· Shopping style situation specific or constantly changing
· Shopping approach is based on product type, shopping impetus, and purchase task • Collectors/Gatherers
· Propensity to stockpile items and to purchase large quantities to either save money or alleviate the need for shopping
· Attempt to get the best price and take advantage of retailer guarantees • Foragers
· Particular and motivated to purchase only the desired items
· Willing to search extensively and have little store loyalty;