SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Shopaholics
Group 4
Ajay
Anil Kumar
Guna sekar
Tanvi raj
Structure
•
•
•
•

Research paper analysis
Character study
Use in retail
Video
A review of compulsive buying disorder
• Compulsive buying disorder (CBD) was first described clinically
in the early 20th century by Bleuler and Kraepelin
• “whom even buying is compulsive and leads to senseless
contraction of debts with continuous delay of payment until a
catastrophe clears the situation a little - a little bit never
altogether because they never admit to their debts”
• The author has been able to identify four distinct phases of
CBD: 1) anticipation; 2) preparation; 3) shopping and 4)
spending.
• Euphoria or relief from the negative emotions were the most
common consequence.
• Individually, the items purchased by compulsive shoppers
tend not to be particularly expensive, but the author has
observed that many compulsive shoppers buy in quantity
resulting in out of control spending.
Compulsive Buying Tendency As a Predictor of
Attitudes and Perceptions
Allison Magee, Arizona State University
• The empirical findings showed that compulsive buyers are
more likely to identify with the dysfunctional purchasing
behavior of others.
• The study did not support the hypothesis that the greater a
person's compulsive buying tendency, the more likely the
person is to view dysfunctional purchasing behavior as
appropriate
• The study also found that the greater a person's compulsive
buying tendency, the more they condone the use of a credit
card for purchases.
• Consistent with previous research (d'Astous and Tremblay
1988; O'Guinn and Faber 1989), the younger a
respondent, the higher his or her compulsive buying score.
• No significant difference between genders for the compulsive
buying score.
IDENTIFYING DETERMINANTS OF COMPULSIVE BUYING BEHAVIOR *
TARIQ JALEES, College of Management Sciences PAF-Karachi
Institute of Economics and Technology
•

•

•

•
•
•

The predictor variables for the study were (a) tendency to spend (b)
Reactive aspect (c) post purchase guilt (d) perceived social status
(e) materialism (f) self esteem (g) apparel-product-involvement.
The alternate hypothesis that at least one of the predictor variables
would have a linear relationship with the dependent variable
compulsive buying behavior was accepted.
The hypothesis relating to a relationship between predictor variable
“perceived social status” and compulsive buying behavior was
rejected
The hypothesis relating to no relationship of “materialism” with
dependent variable “compulsive buying behavior” was rejected.
The hypothesis relating to no relationship of self-esteem with
dependent variable compulsive buying behavior was accepted
The hypothesis of relationship of the determinant “apparel-product
involvement” with dependent variable “compulsive buying
behavior” was rejected
Measuring Compulsive Shopping
Disorder ( Shopaholics)
• Two scales used are Compulsive Buying Scale by Quinn and
Faber(1989) and Edward Compulsive Buying Scale
CBS CBS.docx
ECBS ECBS.docx
• CBS’s more frequent use, the ECBS may be a more accurate
screening measure. Four of the seven questions listed on the
screener appear more reflective of financial difficulties or
financial management difficulties than with compulsive
shopping difficulties.
• CBS sets up a dichotomous categorization between
compulsive and no compulsive shoppers; ECBS (1993) allows
for a more graduated approach and identifies individuals
along a spectrum of problem shopping behaviours that range
from individuals who shop recreationally, to occasional
compulsive shoppers, to chronic and “addictive” overspenders.
Characters of Shopaholic
•

•
•

O’Guinn and Faber found that compulsive shoppers were more
likely to experience three negative mood states before
shopping, them being experiencing boredom (47.8%), sadness or
depression (39.1%), and anxiousness (34.8%) preceding spending
sprees. After shopping they reported feeling happy
(91.7%), excited (91.7%), and powerful (73.9%)
Shopping experiences may serve as a means of reducing feelings
of loneliness (O’Guinn and Faber, 1989), as a way to escape from
negative mood states
Pervasive and chronic feelings of low self-esteem, and
experience an above average need for experiences of control.
Reasons being 1) living with an overly dominant partner; (2) being
unemployed or under-employed; (3) marital dissolution; or (3)
suffering long term health complications. Shopping bolster their
sense of self-efficacy as well as their self-image.
Ways Retailers can make the most of
Shopaholic
•

•

•
•

Breaking the associations
One of the most common ways marketers get a person to purchase
their products is by creating associations
Feeling social pressure to buy
Another thing that can trigger a person to spend more money than
they intended is the desire to please or impress another person.
Retailers would want shoppers to shop ina group or company
Approaching a shop like a casino
Easy way of shopping instruments by means of credit cards
Getting confused in the store
Another way retailers pull a shopaholic’s trigger to overspend is by
making it difficult to find a particular item. Many retailers place
impulse items near the entrance of the store, while placing staples at
the far corners of the store.
Observation
Credit cards

Low self
esteem

Greater
tendency to
fantasize

Higher levels
of depression

Anxiety
reactions

Materialism

Family stress

Surrogates for
relationships

Operand
conditioned

Boredom

Negative
emotional
states

Not always
expensive

Seduced by
environment

Desired self
images

Male & female

Younger

Bulk purchaser
Findings for Retailer
• Both low levels of arousal, such as boredom, and
high levels of excitement, such as anxiety and
stress, have been indicated to increase the
occurrence of compulsive behaviors
• Compulsive behaviors seem to provide shortterm relief from negative emotional
states, eventually becoming operand
conditioned responses when feeling depressed
Findings for Retailer
• Black’s (1996) research with regard to the
particular notice compulsive shoppers pay to
retail environmental stimuli such as
smells, sounds, colors and textures, suggests a
heightened sense of arousal experienced by
compulsive shoppers within retail
environments, not typically experienced by
normal consumers. Some compulsive shoppers in
Black’s (1996) study even described their
shopping experiences as sexually exciting.
Suggestions
• Encourage the usage of credit cards
• Create advertisements that portray consumers as happy
and content people after shopping.
• Create public relations campaign that will make them feel
as a part of the retail store
• Through discounts and bulk purchase discounts
• Target younger consumers with better
gadgets, jewelry, apparels and automobile
• Make consumer feel wise and appreciate purchases made
at discounts
• Use the ambience in favor of retailers and seduce the
consumers
Thank you

Weitere ähnliche Inhalte

Was ist angesagt?

Being a shopaholic
Being a shopaholicBeing a shopaholic
Being a shopaholicarantxahs
 
impulse buying behaviour
impulse buying behaviourimpulse buying behaviour
impulse buying behaviourejaz awan
 
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...An Observation exercise on Indian consumer buying behavior by Amitesh singh y...
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...Amitesh Singh Yadav
 
Customer Buying Motives
Customer Buying MotivesCustomer Buying Motives
Customer Buying MotivesPaul Grethel
 
Sales Closing challenges
Sales Closing challengesSales Closing challenges
Sales Closing challengesSanjay Singh
 
Behavioral Economics - Help vs. Hype
Behavioral Economics - Help vs. HypeBehavioral Economics - Help vs. Hype
Behavioral Economics - Help vs. HypeKamila Janeckova
 
who enjoys risk using and gambles on activities of talent such
who enjoys risk using and gambles on activities of talent such who enjoys risk using and gambles on activities of talent such
who enjoys risk using and gambles on activities of talent such powerfulmusic1
 
Consumer Buying Behavior
Consumer Buying BehaviorConsumer Buying Behavior
Consumer Buying Behaviorsharpchen
 
AMA Computer College - Lipa Competitive Selling & Strategy
AMA Computer College - Lipa Competitive Selling & StrategyAMA Computer College - Lipa Competitive Selling & Strategy
AMA Computer College - Lipa Competitive Selling & StrategyJoseph Winthrop Godoy
 
Assignment 2, by Cy
Assignment 2, by CyAssignment 2, by Cy
Assignment 2, by Cycyusten
 

Was ist angesagt? (20)

Being a shopaholic
Being a shopaholicBeing a shopaholic
Being a shopaholic
 
impulse buying behaviour
impulse buying behaviourimpulse buying behaviour
impulse buying behaviour
 
AGCummings-Ignite-Pres
AGCummings-Ignite-PresAGCummings-Ignite-Pres
AGCummings-Ignite-Pres
 
Maintaining a Winner’s Attitude
Maintaining a Winner’s AttitudeMaintaining a Winner’s Attitude
Maintaining a Winner’s Attitude
 
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...An Observation exercise on Indian consumer buying behavior by Amitesh singh y...
An Observation exercise on Indian consumer buying behavior by Amitesh singh y...
 
VAL's
VAL'sVAL's
VAL's
 
Customer Buying Motives
Customer Buying MotivesCustomer Buying Motives
Customer Buying Motives
 
Sales Closing challenges
Sales Closing challengesSales Closing challenges
Sales Closing challenges
 
Behavioral Economics - Help vs. Hype
Behavioral Economics - Help vs. HypeBehavioral Economics - Help vs. Hype
Behavioral Economics - Help vs. Hype
 
who enjoys risk using and gambles on activities of talent such
who enjoys risk using and gambles on activities of talent such who enjoys risk using and gambles on activities of talent such
who enjoys risk using and gambles on activities of talent such
 
9.5 trans 3
9.5 trans 39.5 trans 3
9.5 trans 3
 
Sales Process
Sales ProcessSales Process
Sales Process
 
Buying motives
Buying motivesBuying motives
Buying motives
 
Consumer Buying Behavior
Consumer Buying BehaviorConsumer Buying Behavior
Consumer Buying Behavior
 
Gender Selling
Gender SellingGender Selling
Gender Selling
 
AMA Computer College - Lipa Competitive Selling & Strategy
AMA Computer College - Lipa Competitive Selling & StrategyAMA Computer College - Lipa Competitive Selling & Strategy
AMA Computer College - Lipa Competitive Selling & Strategy
 
Dailystrengthjournal
DailystrengthjournalDailystrengthjournal
Dailystrengthjournal
 
Assignment 2, by Cy
Assignment 2, by CyAssignment 2, by Cy
Assignment 2, by Cy
 
What is conflict?
What is conflict?What is conflict?
What is conflict?
 
Personality traits of salesmen
Personality traits of salesmenPersonality traits of salesmen
Personality traits of salesmen
 

Andere mochten auch

Shopping Is An Addiction
Shopping Is An AddictionShopping Is An Addiction
Shopping Is An AddictionBethany Layton
 
shopaholic <3
shopaholic <3shopaholic <3
shopaholic <3luluxx
 
Shopaholic
ShopaholicShopaholic
ShopaholicAguis
 
Shopaholic
Shopaholic Shopaholic
Shopaholic IUSVE
 
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)Board of Innovation
 
The Seven Deadly Social Media Sins
The Seven Deadly Social Media SinsThe Seven Deadly Social Media Sins
The Seven Deadly Social Media SinsXPLAIN
 
Five Killer Ways to Design The Same Slide
Five Killer Ways to Design The Same SlideFive Killer Ways to Design The Same Slide
Five Killer Ways to Design The Same SlideCrispy Presentations
 
How People Really Hold and Touch (their Phones)
How People Really Hold and Touch (their Phones)How People Really Hold and Touch (their Phones)
How People Really Hold and Touch (their Phones)Steven Hoober
 
Upworthy: 10 Ways To Win The Internets
Upworthy: 10 Ways To Win The InternetsUpworthy: 10 Ways To Win The Internets
Upworthy: 10 Ways To Win The InternetsUpworthy
 
What 33 Successful Entrepreneurs Learned From Failure
What 33 Successful Entrepreneurs Learned From FailureWhat 33 Successful Entrepreneurs Learned From Failure
What 33 Successful Entrepreneurs Learned From FailureReferralCandy
 
Why Content Marketing Fails
Why Content Marketing FailsWhy Content Marketing Fails
Why Content Marketing FailsRand Fishkin
 
The History of SEO
The History of SEOThe History of SEO
The History of SEOHubSpot
 
How To (Really) Get Into Marketing
How To (Really) Get Into MarketingHow To (Really) Get Into Marketing
How To (Really) Get Into MarketingEd Fry
 
The What If Technique presented by Motivate Design
The What If Technique presented by Motivate DesignThe What If Technique presented by Motivate Design
The What If Technique presented by Motivate DesignMotivate Design
 

Andere mochten auch (18)

Shopping Is An Addiction
Shopping Is An AddictionShopping Is An Addiction
Shopping Is An Addiction
 
shopaholic <3
shopaholic <3shopaholic <3
shopaholic <3
 
Shopaholic
ShopaholicShopaholic
Shopaholic
 
Shopaholic
Shopaholic Shopaholic
Shopaholic
 
Shopaholic
Shopaholic Shopaholic
Shopaholic
 
Drug addiction
Drug addictionDrug addiction
Drug addiction
 
The Minimum Loveable Product
The Minimum Loveable ProductThe Minimum Loveable Product
The Minimum Loveable Product
 
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)
 
The Seven Deadly Social Media Sins
The Seven Deadly Social Media SinsThe Seven Deadly Social Media Sins
The Seven Deadly Social Media Sins
 
Five Killer Ways to Design The Same Slide
Five Killer Ways to Design The Same SlideFive Killer Ways to Design The Same Slide
Five Killer Ways to Design The Same Slide
 
How People Really Hold and Touch (their Phones)
How People Really Hold and Touch (their Phones)How People Really Hold and Touch (their Phones)
How People Really Hold and Touch (their Phones)
 
Upworthy: 10 Ways To Win The Internets
Upworthy: 10 Ways To Win The InternetsUpworthy: 10 Ways To Win The Internets
Upworthy: 10 Ways To Win The Internets
 
What 33 Successful Entrepreneurs Learned From Failure
What 33 Successful Entrepreneurs Learned From FailureWhat 33 Successful Entrepreneurs Learned From Failure
What 33 Successful Entrepreneurs Learned From Failure
 
Design Your Career 2018
Design Your Career 2018Design Your Career 2018
Design Your Career 2018
 
Why Content Marketing Fails
Why Content Marketing FailsWhy Content Marketing Fails
Why Content Marketing Fails
 
The History of SEO
The History of SEOThe History of SEO
The History of SEO
 
How To (Really) Get Into Marketing
How To (Really) Get Into MarketingHow To (Really) Get Into Marketing
How To (Really) Get Into Marketing
 
The What If Technique presented by Motivate Design
The What If Technique presented by Motivate DesignThe What If Technique presented by Motivate Design
The What If Technique presented by Motivate Design
 

Ähnlich wie Shopaholics - Retail Mangement

Consumer compulsive buying behavior (Consumer Behavior)
Consumer compulsive buying behavior (Consumer Behavior)Consumer compulsive buying behavior (Consumer Behavior)
Consumer compulsive buying behavior (Consumer Behavior)Md. Ismail Hossen
 
Manipulation of consumers
Manipulation of consumersManipulation of consumers
Manipulation of consumersTanishaNarula3
 
Consumer decision-making-process
Consumer decision-making-processConsumer decision-making-process
Consumer decision-making-processRishab Gupta
 
Analyzing Consumer Markets
Analyzing Consumer MarketsAnalyzing Consumer Markets
Analyzing Consumer MarketsNishant Agrawal
 
Top 10 Question from Ch 6 of Kotler's Marketing Management Book
Top 10 Question from Ch 6 of Kotler's Marketing Management Book Top 10 Question from Ch 6 of Kotler's Marketing Management Book
Top 10 Question from Ch 6 of Kotler's Marketing Management Book zennia
 
Consumer behaviour -1
Consumer behaviour -1Consumer behaviour -1
Consumer behaviour -1Deepa Rana
 
ajaykumarta-Unit 2 consumer behavior
ajaykumarta-Unit   2 consumer behaviorajaykumarta-Unit   2 consumer behavior
ajaykumarta-Unit 2 consumer behaviorajay kumarta
 
4 motiv,emot, values fall09
4 motiv,emot, values fall094 motiv,emot, values fall09
4 motiv,emot, values fall09Amit Sharma
 
Consumer-Behavior-Demo.pptx
Consumer-Behavior-Demo.pptxConsumer-Behavior-Demo.pptx
Consumer-Behavior-Demo.pptxOmPrakash851100
 
Consumer decision making process final
Consumer decision making process finalConsumer decision making process final
Consumer decision making process finalVaishali Sehrawat
 
Analyzing Consumer Markets / Marketing Management By Kotler Keller
Analyzing Consumer Markets / Marketing Management By Kotler KellerAnalyzing Consumer Markets / Marketing Management By Kotler Keller
Analyzing Consumer Markets / Marketing Management By Kotler KellerChoudhry Asad
 
CONSUMER MOTIVATION RESEARCH
CONSUMER MOTIVATION RESEARCH CONSUMER MOTIVATION RESEARCH
CONSUMER MOTIVATION RESEARCH T HARI KUMAR
 
Consumer Behaviour
Consumer BehaviourConsumer Behaviour
Consumer BehaviourArjun Ramesh
 

Ähnlich wie Shopaholics - Retail Mangement (20)

Consumer compulsive buying behavior (Consumer Behavior)
Consumer compulsive buying behavior (Consumer Behavior)Consumer compulsive buying behavior (Consumer Behavior)
Consumer compulsive buying behavior (Consumer Behavior)
 
Manipulation of consumers
Manipulation of consumersManipulation of consumers
Manipulation of consumers
 
Consumer decision-making-process
Consumer decision-making-processConsumer decision-making-process
Consumer decision-making-process
 
Chapter 4
Chapter 4Chapter 4
Chapter 4
 
Analyzing Consumer Markets
Analyzing Consumer MarketsAnalyzing Consumer Markets
Analyzing Consumer Markets
 
Top 10 Question from Ch 6 of Kotler's Marketing Management Book
Top 10 Question from Ch 6 of Kotler's Marketing Management Book Top 10 Question from Ch 6 of Kotler's Marketing Management Book
Top 10 Question from Ch 6 of Kotler's Marketing Management Book
 
Session 4.pptx
Session 4.pptxSession 4.pptx
Session 4.pptx
 
4_motiv,emot, values_fall09.ppt
4_motiv,emot, values_fall09.ppt4_motiv,emot, values_fall09.ppt
4_motiv,emot, values_fall09.ppt
 
Consumer behaviour -1
Consumer behaviour -1Consumer behaviour -1
Consumer behaviour -1
 
ajaykumarta-Unit 2 consumer behavior
ajaykumarta-Unit   2 consumer behaviorajaykumarta-Unit   2 consumer behavior
ajaykumarta-Unit 2 consumer behavior
 
4 motiv,emot, values fall09
4 motiv,emot, values fall094 motiv,emot, values fall09
4 motiv,emot, values fall09
 
Consumer-Behavior-Demo.pptx
Consumer-Behavior-Demo.pptxConsumer-Behavior-Demo.pptx
Consumer-Behavior-Demo.pptx
 
Consumer decision making process final
Consumer decision making process finalConsumer decision making process final
Consumer decision making process final
 
Analyzing Consumer Markets / Marketing Management By Kotler Keller
Analyzing Consumer Markets / Marketing Management By Kotler KellerAnalyzing Consumer Markets / Marketing Management By Kotler Keller
Analyzing Consumer Markets / Marketing Management By Kotler Keller
 
markeing ch3.pptx
markeing ch3.pptxmarkeing ch3.pptx
markeing ch3.pptx
 
CONSUMER MOTIVATION RESEARCH
CONSUMER MOTIVATION RESEARCH CONSUMER MOTIVATION RESEARCH
CONSUMER MOTIVATION RESEARCH
 
Shopping
ShoppingShopping
Shopping
 
ob.pptx
ob.pptxob.pptx
ob.pptx
 
[0227] yunha han
[0227] yunha han[0227] yunha han
[0227] yunha han
 
Consumer Behaviour
Consumer BehaviourConsumer Behaviour
Consumer Behaviour
 

Kürzlich hochgeladen

Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseri bangash
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 

Kürzlich hochgeladen (20)

Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 

Shopaholics - Retail Mangement

  • 3. A review of compulsive buying disorder • Compulsive buying disorder (CBD) was first described clinically in the early 20th century by Bleuler and Kraepelin • “whom even buying is compulsive and leads to senseless contraction of debts with continuous delay of payment until a catastrophe clears the situation a little - a little bit never altogether because they never admit to their debts” • The author has been able to identify four distinct phases of CBD: 1) anticipation; 2) preparation; 3) shopping and 4) spending. • Euphoria or relief from the negative emotions were the most common consequence. • Individually, the items purchased by compulsive shoppers tend not to be particularly expensive, but the author has observed that many compulsive shoppers buy in quantity resulting in out of control spending.
  • 4. Compulsive Buying Tendency As a Predictor of Attitudes and Perceptions Allison Magee, Arizona State University • The empirical findings showed that compulsive buyers are more likely to identify with the dysfunctional purchasing behavior of others. • The study did not support the hypothesis that the greater a person's compulsive buying tendency, the more likely the person is to view dysfunctional purchasing behavior as appropriate • The study also found that the greater a person's compulsive buying tendency, the more they condone the use of a credit card for purchases. • Consistent with previous research (d'Astous and Tremblay 1988; O'Guinn and Faber 1989), the younger a respondent, the higher his or her compulsive buying score. • No significant difference between genders for the compulsive buying score.
  • 5. IDENTIFYING DETERMINANTS OF COMPULSIVE BUYING BEHAVIOR * TARIQ JALEES, College of Management Sciences PAF-Karachi Institute of Economics and Technology • • • • • • The predictor variables for the study were (a) tendency to spend (b) Reactive aspect (c) post purchase guilt (d) perceived social status (e) materialism (f) self esteem (g) apparel-product-involvement. The alternate hypothesis that at least one of the predictor variables would have a linear relationship with the dependent variable compulsive buying behavior was accepted. The hypothesis relating to a relationship between predictor variable “perceived social status” and compulsive buying behavior was rejected The hypothesis relating to no relationship of “materialism” with dependent variable “compulsive buying behavior” was rejected. The hypothesis relating to no relationship of self-esteem with dependent variable compulsive buying behavior was accepted The hypothesis of relationship of the determinant “apparel-product involvement” with dependent variable “compulsive buying behavior” was rejected
  • 6. Measuring Compulsive Shopping Disorder ( Shopaholics) • Two scales used are Compulsive Buying Scale by Quinn and Faber(1989) and Edward Compulsive Buying Scale CBS CBS.docx ECBS ECBS.docx • CBS’s more frequent use, the ECBS may be a more accurate screening measure. Four of the seven questions listed on the screener appear more reflective of financial difficulties or financial management difficulties than with compulsive shopping difficulties. • CBS sets up a dichotomous categorization between compulsive and no compulsive shoppers; ECBS (1993) allows for a more graduated approach and identifies individuals along a spectrum of problem shopping behaviours that range from individuals who shop recreationally, to occasional compulsive shoppers, to chronic and “addictive” overspenders.
  • 7. Characters of Shopaholic • • • O’Guinn and Faber found that compulsive shoppers were more likely to experience three negative mood states before shopping, them being experiencing boredom (47.8%), sadness or depression (39.1%), and anxiousness (34.8%) preceding spending sprees. After shopping they reported feeling happy (91.7%), excited (91.7%), and powerful (73.9%) Shopping experiences may serve as a means of reducing feelings of loneliness (O’Guinn and Faber, 1989), as a way to escape from negative mood states Pervasive and chronic feelings of low self-esteem, and experience an above average need for experiences of control. Reasons being 1) living with an overly dominant partner; (2) being unemployed or under-employed; (3) marital dissolution; or (3) suffering long term health complications. Shopping bolster their sense of self-efficacy as well as their self-image.
  • 8. Ways Retailers can make the most of Shopaholic • • • • Breaking the associations One of the most common ways marketers get a person to purchase their products is by creating associations Feeling social pressure to buy Another thing that can trigger a person to spend more money than they intended is the desire to please or impress another person. Retailers would want shoppers to shop ina group or company Approaching a shop like a casino Easy way of shopping instruments by means of credit cards Getting confused in the store Another way retailers pull a shopaholic’s trigger to overspend is by making it difficult to find a particular item. Many retailers place impulse items near the entrance of the store, while placing staples at the far corners of the store.
  • 9. Observation Credit cards Low self esteem Greater tendency to fantasize Higher levels of depression Anxiety reactions Materialism Family stress Surrogates for relationships Operand conditioned Boredom Negative emotional states Not always expensive Seduced by environment Desired self images Male & female Younger Bulk purchaser
  • 10. Findings for Retailer • Both low levels of arousal, such as boredom, and high levels of excitement, such as anxiety and stress, have been indicated to increase the occurrence of compulsive behaviors • Compulsive behaviors seem to provide shortterm relief from negative emotional states, eventually becoming operand conditioned responses when feeling depressed
  • 11. Findings for Retailer • Black’s (1996) research with regard to the particular notice compulsive shoppers pay to retail environmental stimuli such as smells, sounds, colors and textures, suggests a heightened sense of arousal experienced by compulsive shoppers within retail environments, not typically experienced by normal consumers. Some compulsive shoppers in Black’s (1996) study even described their shopping experiences as sexually exciting.
  • 12. Suggestions • Encourage the usage of credit cards • Create advertisements that portray consumers as happy and content people after shopping. • Create public relations campaign that will make them feel as a part of the retail store • Through discounts and bulk purchase discounts • Target younger consumers with better gadgets, jewelry, apparels and automobile • Make consumer feel wise and appreciate purchases made at discounts • Use the ambience in favor of retailers and seduce the consumers