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The Psychology Behind Consumer Behaviour – How Students Act?

Retail Focus

Understanding the psychology behind consumer behaviour is crucial for businesses and marketers aiming to tailor their strategies effectively. For students, grappling with academic demands often leads to unique consumer patterns, especially when seeking services that align with their educational needs. Social Influence.

Consumer 130
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Understanding the consumer of 2021

Inside Retail

Lockdowns with little advance notice, panic buying, supply chain disruptions, hastily made changes to health and safety regulations, and extreme swings in consumer needs and expectations. How did they fare and how have consumers changed due to their pandemic experience? Consumers unevenly impacted. Adaptability tested.

Consumer 242
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How retailers can capitalise on consumers’ move away from name brands

Inside Retail

In the face of a mounting cost-of-living crisis, consumer spending is changing rapidly. Such a shift is likely rationalised by customers as a temporary change, according to Lyndall Spooner of market research firm Fifth Dimension, but data shows that many customers are likely to stick with cheaper brands long-term. Spooner said.

Consumer 130
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Retail’s tech revolution sets laser-like focus on the consumer

Inside Retail

This is not just a transient trend but a robust response to the changing consumer, who now craves the tactile satisfaction of in-store shopping along with the personalisation and convenience of online commerce. Today’s consumers might browse products online and then feel, try and buy them in physical stores.

Consumer 147
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AI is driving a dramatic reinvention of retail demand planning. Here’s how

Inside Retail

Fragmented markets, volatile consumersMarkets are becoming increasingly fragmented, and as a result, consumer and market behaviour is more difficult to predict. Brands have more access to consumers through different mediums, and consumers have broader access to products and brands through e-commerce.

Planning 147
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Trends in Retail: How Product Startups Can Adapt to Changing Consumer Behavior

Retail Bound

From traditional brick-and-mortar stores to the rise of e-commerce, product startups have had to adapt and keep up with changing consumer behavior. In recent years, technological advancements and shifting consumer preferences have caused significant disruptions in the retail landscape.

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ACCC to conduct ‘internet sweeps’ targeting greenwashing

Inside Retail

‘Internet sweeps’ have been organised by the ACCC (Australian Competition and Consumer Commission) to identify companies making environmental and sustainability claims they cannot back up – also termed ‘greenwashing’ – and platforms publishing misleading reviews.