Retail stores change the prices of their products based on the shopping habits of consumers. But consumers come in a variety of types, and not all of them influence prices equally.
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Woolworths’ A$780 millon investment in new automated distribution centres is a sign of how much COVID-19 has changed the way we shop. It points what’s to come in the retail sector.
A retail expert explains why brick-and-mortar brands will continue to thrive in the age of e-commerce.
As neighbourhoods lost their milk bars, they also lost a daily point of connection for locals. But all is not lost. In some areas, the humble corner store is making a comeback.
Traditional retailers want to lure you back with a shopping experience that online stores just can’t provide.
Psychological ownership is that feeling that someone stole ‘your’ parking spot or nabbed the last sweater you had your eye on. We have a tendency to get territorial when we feel it’s been violated.
Some can’t wait to hit the ground running while others would rather endure a root canal. Certain characteristics help explain who is in which group.
Don’t despair if, once you’ve gathered your shopping items, you’re met by a single line that looks a mile long. Queuing theory suggests this is likely the fastest way to get you rung up and moving on.
Top contributors
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Professor of Marketing and Consumer Behaviour, Queensland University of Technology
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Louise Grimmer is a Friend of The Conversation.
Senior Lecturer in Retail Marketing, University of Tasmania
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Senior Lecturer of Marketing, Swinburne University of Technology
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Pro Vice-Chancellor and Professor of Marketing, University of Tasmania
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Associate Professor of Marketing and Consumer Behaviour, Macquarie University
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Associate Professor of Marketing, Mississippi State University
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Adjunct Instructor of Management, University at Buffalo
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Senior Research Consultant, ACRS, Monash University
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Assistant Professor of Marketing, New York Institute of Technology
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Research Consultant, Monash University
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Professor of Marketing, University of Southern California
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Distinguished Professor of Economics and Finance, University of Toronto
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Associate Professor, Department of Economics and Business, Universitat Pompeu Fabra
