Special/Calendar Occasions Flashcards
Attraction (special occasions)
may generate extra-traffic in-store; turnover growth is determined by above-average increase of number of transactions
Turnover (special occasions)
weeks with special occasions results in higher-than-average turnover levels compared with other weeks
Conversion (special occasions)
special occasions are situations where customers spend more as their sensibility to price remains low
Impulse (special occasions)
special occasions generate impulse shopping; one in two in-store purchases wasn’t included in shopping list prepared before entering supermarket
Price Inelasticity (special occasions)
40% of shoppers do not remember price they payed for products purchased in-store
Shopper profile
gender; ecommerce; loyalty; expense variability; age
Expense variability
difference between budgeted/planned expense and final amount