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Consumer Behavior: A Strategy to Increase Sales at Kmart Fairfield

   

Added on  2023-04-22

16 Pages781 Words375 Views
CONSUMER
BEHAVIOR
Consumer Behavior: A Strategy to Increase Sales at Kmart Fairfield_1
ISSUE @ KMART FAIRFIELD
The company is not being able to sell priced items.
Unsellable items include luxury items such as Electronics, beauty
products and jewellery.
While products such as necessities are sold off the above items fail to be
sold.
The issue can be understood by studying consumer behavior.
Consumer Behavior: A Strategy to Increase Sales at Kmart Fairfield_2
REASON BEHIND SUCH
BEHAVIOR
Most people residing in the area are refugees
They have limited access to resources
Income of the consumers of the area fall under mid-low category.
Consumer of the area choose to spend on necessities rather than on
luxuries (Kriechbhaum & Kreuzbauer, 2006).
Consumer Behavior: A Strategy to Increase Sales at Kmart Fairfield_3
OBJECTIVES
Spend higher amounts of money on refugees as that reportedly results in
better sales.
Promote humanitarian Sales policies such as discounts and rebates.
Shift the aim of the luxury items from the area to higher income localities.
Put emphasis on sale of necessities not on luxuries.
Consumer Behavior: A Strategy to Increase Sales at Kmart Fairfield_4

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