This document summarizes key aspects of consumer impulse buying behavior relevant to the retail company Addons Retail India Pvt. Ltd. It discusses how [1] store characteristics like layout and salespeople, [2] situational factors like time and money, and [3] product characteristics like category and price can influence unplanned purchases. The company aims to become consumers' preferred seller of lifestyle accessories by 2019 and must determine whether to focus on aggressive branding or store loyalty to achieve this goal.
This document summarizes key aspects of consumer impulse buying behavior relevant to the retail company Addons Retail India Pvt. Ltd. It discusses how [1] store characteristics like layout and salespeople, [2] situational factors like time and money, and [3] product characteristics like category and price can influence unplanned purchases. The company aims to become consumers' preferred seller of lifestyle accessories by 2019 and must determine whether to focus on aggressive branding or store loyalty to achieve this goal.
This document summarizes key aspects of consumer impulse buying behavior relevant to the retail company Addons Retail India Pvt. Ltd. It discusses how [1] store characteristics like layout and salespeople, [2] situational factors like time and money, and [3] product characteristics like category and price can influence unplanned purchases. The company aims to become consumers' preferred seller of lifestyle accessories by 2019 and must determine whether to focus on aggressive branding or store loyalty to achieve this goal.
• Changing the contract terms at different levels • Like the distributor needs to take certain permission from the head office to enter into other territory • Policy changes regarding the territory • Clearly stating the penalties and consequences of fault • Keep the performance basis growth • Enabling a proper feedback • Fixing of price • Cross border sales shall not be promoted Introduction- Addons Retail India Pvt. Ltd.
Incorporated in Objective= To sell TG and Product Stores under 3 models: Dilemma=
Mumbai, Maharashtra lifestyle products and Offering EBO, SIS and Stand in 2006 fashion accessories alone stores •How to become the Men- Young professionals; eg. Artificial, offering array of branded preferred accessory contemporary and product and accessories seller to customer so as ethnic jewellery and Women- Age group 16-21yrs; to grow to 500 retail charms, hair Lifestyle products and fashion outlets by 2019 accessories, hats, bags, accessories •Aggressive brand belts, footwear building? •Focus on Brand Loyalty vs Store loyalty •Achieving novelty & brand loyalty under same roof An impulse purchase or impulse buy is an unplanned or otherwise spontaneous purchase. Impulse Buying
Factors effecting Impulse Buying:
Store Characteristics: Situational Factors: Consumer Product Characteristics: Store Layout, Presence Time, Money, The Characteristics: Age, Product Category, of Salesperson, Store presence of other Gender, Culture, Mood Product Price Atmospherics factors, Thank You