WHAT IS IMPORTANT TO CONSUMERS

In a technology study reported in the November 10, 2003 issue of Supermarket News, a phone survey of 1000 consumers sponsored by Cap Gemini Ernst & Young, Intel and Cisco Systems the following items were ranked as to “What’s Most Important in a Store”

The following chart lists the top 5 items and the % saying “very important”

Rank

Item

% Saying “Very Important”

1.

Having products priced the same at checkout as on the item or shelf

79

2.

Getting respectful treatment from employees

75

3. 

Having prices visible on products or shelves

70

4.

Having the products you want to purchase be in stock

68

5.

Being able to return products to the store without difficulty

67

Again, price accuracy rated very high on the consumers’ list. Price management in its entirety is an area that if addressed properly can be used as an affective tool to win the loyalty of consumers to neighborhood stores