Future Demand Flashcards
Future Demand Anagram =
PHAEGO
P =
Population Growth Biggest contributor to growth Demand is not static - saturation not true (Langston et al., 2006) North/South Divide Measurement: - LA housing plan - Long Term Population forecasts - Vulnerable Areas (Debenham, 2003)
H =
Household Changes: Customer may change in 10yrs Ageing Household Multi-generational More single houses Greater Austerity
A =
Ageing Population
Easier to predict - 11.4% of the population over 80 by 2050
Is geographical - South West
Grey Pound:
Affects products - interests, mobility, health
Store Type - convenience
Store Layouts - wider aisles
E =
Ethnic Change
Can be hard to predict - result of political change
Specific Geographies
White Flight
Independent Stores in convenience market (Wrigley and Dolega, 2011)
G =
Gay Market
Pink Pound - 90% of LGBT loyal to this
Co-op Respect Campaign aim to target this group
Slight geographies - e.g. Brighton
O =
Online Demand
New growth
Is this the death of geography?
Langston et al., 2006
Saturation depends on the geography
Wrigley and Dolega, 2011
Growth of independent convenience stores attributed to ethnic population growth
Debenham et al., 2003
Vulnerable Areas