Impact of COVID-19 on Online Shopping: A Study on Marks and Spencer
Verified
Added on 2023/06/18
|8
|1997
|430
AI Summary
This research report analyses the impact of COVID-19 on changing behaviour of customers towards online shopping within the retail industry, with a focus on Marks and Spencer. It identifies the benefits and challenges faced by the retail sector due to COVID-19 regarding online shopping.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Research Proposal
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 Background of the topic..............................................................................................................3 Company overview.....................................................................................................................3 LITERATURE REVIEW................................................................................................................4 Impact of COVID-19 over the online shopping..........................................................................4 Benefits of online shopping during the COVID-19 pandemic....................................................4 Challenges faced by retail sector due to COVID-19 regarding online shopping........................5 RESEARCH METHODOLOGY.....................................................................................................5 CONCLUSION AND RECOMMENDATIONS............................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Background of the topic The COVID-19 crisis led towards the dramatic shifts regarding the behaviour of consumers. For this, retailers need to have work hard in order to meet ever-evolving customer experience need to winandremainrelevant.Digitalfirstandomni-channelretailerstendstopivotedmore effectively but the retailers who prioritised physical stores and face to face involvement over the omni-channel to have respond towards (Showrav and et. al., 2021). The pandemic tends to change the consumer behaviour respectively as the availability of e-commerce and hygiene considerations are enhancing the switching behaviour of customers by making them away from the primary store. Company overview For this research, Marks and Spencer is considered which is a British multinational retailer headquarter in London, England. Company deals in clothing, home products and food products and most of the products with its own label. Marks and Spencer was founded by Michael Marks and Thomas Spencer in 1884. Further, company has around 959 stores across the UK from which approximately 615 sells food products. Research aim The main aim of this report is “To analyse the impact of Covid-19 on changing behaviour of customers towards online shopping within the retail industry”. A study on Marks and Spencer. Research objectives To determine the impact of COVID-19 over the online shopping. To identify the benefits of online shopping during the COVID-19 pandemic. To analyse the challenges faced by retail sector due to COVID-19 regarding online shopping. Research questions What are the impact of COVID-19 over the online shopping? What are the benefits of online shopping during the COVID-19 pandemic? What are the challenges faced by retail sector due to COVID-19 regarding online shopping? Rationale of research
The main reason of choosing the research is to analyse the impact of COVID-19 over the online shopping considering the retail sector and its benefits and challenges which are faced by the retailers. This study is helpful for the both the professional and personal viewpoint like in terms of professional, its benefit is to analyse about the impact of COVID-19 over the retailers and also deal with the issues. In terms of personal level, it is helpful to enhance the skills like time management, communication, research skills and so on. Further, it is helpful for me in terms of developing the sound professional career for the future considering the overall development regarding personality to deal with the issues. LITERATURE REVIEW Impact of COVID-19 over the online shopping As per the viewpoint of Meyer, (2021), the global pandemic of COVID-19 is likely to define rapid changing situation as the amount of people are deemed to safe to collect at the single place. The global pandemic of COVID-19 put positive impact over the online shopping and also helps in broadening their overall scope and range. The crisis accelerated towards the expansion of e- commerce towards new firms, customers and types of products. It also tends to provide customerstohaveprominentaccessregardingthevarietyofproductsconsideringtheir convenience and safety to their homes (Luan and et. al., 2021). It also tends to enhance the dynamism in the e-commerce landscape across the countries and also expanded the scope of e- commerce considering the new firms, consumer segments and so on. Benefits of online shopping during the COVID-19 pandemic From the viewpoint of Ross, (2020), during the pandemic of COVID-19, online shopping has several benefits like an individual shop in their limits or nearly impossible because of the fear of spread of virus that leads to save the money of people. In terms of Marks and Spencer, online shopping bring comfort at the home as it leads to neglect parking hassles, long lines and the dodging crowds at the time of holiday season. It is beneficial as online shopping has ability to shop at any time (24*7) and there is no long lines at the checkout (Arora and Srinivasan, 2020). Further, packages are also delivered at the doorstep as individual does not need to leave the house and the reviews features are helpful for them in order to compare their products to make their purchase prior.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Challenges faced by retail sector due to COVID-19 regarding online shopping As per the perspective of Federica, (2020), social distancing has created the challenge of online spending at the large level considering the distribution sector that results in the unable to manage things efficiently undertaking the internet platform in several cases that are failed to meet the massive number of accesses. Thus, the process should be re-organised and the omni-channel approach must be guaranteed as much as possible. For this, Marks and Spencer need to deal with more effectively considering the queue management by employing more staff dedicated to managing the flow and also make sure the further increment of e-commerce channel by considering the “click&collect” model (Taufik and Ayuningtyas, 2020). RESEARCH METHODOLOGY Research methodology is important because it helps in collecting data and information in an effective manner. For this, research onion framework is used to understand the research methods that discussed as: Research philosophy:This process is opted to collect and evaluate the information regarding the specific topic. It include two main philosophies like positivism and interpretivism. Here, researcher consider positivism as it is effective and valuable in order to take less time and resources that helps in accomplish the positive result. Therefore, it is identified that it is one of best suited way that helps in getting more significant decision considering the real time situation. Research approach:This process undertake the evaluation of specific topic as it include deductive and inductive that are the two main research approaches. For this, researcher will consider deductive approach as it helps in evaluating the quantitative data considering the limited cost and time period (Kang and et. al., 2020). Further, there is another reason to opt deductive as it is based on the fact because there is no other way of testing the numeric data considering the information. Hence, it helps in generalising the research finding in significant manner. Research strategy:The main research strategies are the action research, case study, survey and so on. Here, survey is used as it is helpful for the researcher to collect data that helps in gaining reliable and valid result of the research. The reason for opting this method is to help the effective collection and first hand details from the respondents. Research choice:It is the essential form of research methodology that include two main choices including qualitative and quantitative as both are effective. Here, the researcher tends to use quantitative research which is useful because it leads to provide numerical information
considering the less period of time (Witczyńska, 2020). This method helps in collecting reliable and effective information considering the effective period of time. Further, this method is effective because it helps in collecting facts properly and systematically. Time horizon:It is the essential source of research as without it, the researchers cannot finish the project on time. It include two main approaches like longitudinal and cross-sectional. For the present research, cross-sectional approach is considered as it helps in achieving the work in best way within the given period of time. Further, it help sin completing the activities in the allocated time period without any issue. Data collection:This process helps in collecting the primary and secondary data by the effective and reliable sources (Hoseini and Beck., 2020). To complete the research, both the methods are useful but primary data including questionnaire is helpful in getting reliable and positive outcome in less period of time and the chosen respondents are 40 (retailers, customers, suppliers). But the use of secondary source is useful in gaining in-depth knowledge of the research topic from the reliable sources. Sampling:It include the effective process for opting the sample considering the total populationbytwomethodincludingnon-probabilityandprobabilitysampling.Forthis, probability sampling and the reason as it helpful in selecting the large base of sample in less time period. The main objective of opting this is that participants have the idea regarding the ground working. CONCLUSION AND RECOMMENDATIONS From the above discussion, it has been identified that online shopping bring lot of factors with it including the major impact over the retail sector considering several benefits and challenges at the time of global pandemic COVID-19. For this, effective research is conducted undertaking the effective methods and approaches of research and the respondents. For this, it is suggested that company need to take strong action to uptake of e-commerce across regions considering the emerging economies in order to make the greatest shift to online shopping and also take initiatives to stop interface of tariffs that can become barriers in servers.
REFERENCES Books and Journals Arora, A.K. and Srinivasan, R., 2020. Impact of pandemic COVID-19 on the teaching–learning process:Astudyofhighereducationteachers.Prabandhan:Indianjournalof management,13(4), pp.43-56. Hoseini, M. and Beck, T., 2020. Emergency loans and consumption–evidence from covid-19 in iran.Covid Economics,45(28), pp.111-146. Kangandet.al.,2020.COVID-19impactoncityandregion:what’snextafter lockdown?.international journal of urban sciences,24(3), pp.297-315. Luan and et. al., 2021. Exploring the impact of COVID-19 on individual's travel mode choice in China.Transport Policy,106, pp.271-280. Showrav and et. al., 2021. Factors influencing the rapid growth of online shopping during covid- 19 pandemic time in Dhaka City, Bangladesh.Academy of Strategic Management Journal,20, pp.1-13. Taufik, T. and Ayuningtyas, E.A., 2020. Dampak Pandemi Covid 19 Terhadap Bisnis Dan Eksistensi Platform Online.Jurnal Pengembangan Wiraswasta,22(01), pp.21-32. Witczyńska, K., 2020. The Impact of the Electronic Commerce Market in the Supply Chain during COVID-19 Pandemic in Poland.European Research Studies,23(2), pp.648-658. Online Understanding the COVID-19 Effect on Online Shopping Behavior. 2021.[Online] Available through: <https://www.bigcommerce.com/blog/covid-19-ecommerce/>./ The Benefits of eCommerce: How Selling Online is Helping Businesses Survive COVID-19. 2020.[Online] Available through: <https://www.truecommerce.com/blog/ecommerce- benefits-during-covid-19>./ The retail sector v Covid - 19: Post lockdown challenges. 2020.[Online] Available through: <https://www.thebci.org/news/the-retail-sector-v-covid-19-post-lockdown- challenges.html>./
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.