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A Comparative Study of Customer Perception Factory Outlet and Departmental Stores

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A Comparative Study of Customer Perception Factory Outlet and Departmental Stores
ACROPOLIS FACULTY OF MANAGEMENT & RESEARCH INDORE

SYNOPSIS ON

“A COMPARATIVE STUDY OF CUSTOMER PERCEPTION OF FACTORY OUTLET STORES TOWARDS TRADITIONAL DEPARTMENT STORES”

Guided By: Submitted By:
Prof. Prerna Bamoriya Deepak Singh chouhan MBA (III-Sem)

DEVI AHILYA VISHWA VIDHYALAYA, INDORE
INDEX
Particular’s Page No. 1. Introduction.......................................................................................3 2. Literature Review..............................................................................5 3. Rationale of the Study.....................................................................11 4. Objective of the Study......................................................................12 5. Research Methodology.....................................................................13 6. References.........................................................................................15

INTRODUCTION
Customers’ perception of two different types of retail stores factory outlet stores and traditional department stores as well as their purchasing Preferences. In addition, the research compares these preferences across demographics. It explores four critical factors which significantly influence customers’ perceptions of both types of retail store. Findings are base on a mall intercept survey with 100 customers across a range of demographics. The results indicate that factory outlet stores are perceived as having comparatively lower prices and attractive promotions in comparison to traditional department stores, while traditional department stores have competitive advantages in terms of the other



References: Traditional Department Stores Nowadays, traditional department stores are facing a significant threat because the number of consumers who shop at traditional department stores is decreasing, although the sales of these stores have increased (Nasri, 1999) Dickson, P. R. and Sawyer, A. G. (1990). The price knowledge and search of supermarket shoppers. Journal of Marketing, Vol. 54 (3), pp. 42-53. Dreze, X., Hoch, S. J. and Purk, M. E. (1994). Shelf management and space elasticity. Journal of Retailing, Vol.70 (4), pp. 301-326. Facenda, V., L. (2005). New Fashion for the Season. Retail Merchandiser, Vol. 45 (8), p.10. Fernie, J. and Fernie, S. (1997). The development of a US retail format in Europe: The case of factory outlet centres. International Journal of Retail & Distribution Management, Vol. 25 (11), pp.342-350. Golub, K. L. and Winston, M. (1983). Outlet Malls. Appraisal Journal. Vol. 51 (3), p.452. Hallanan, B. (1994) In Store Brands, Quality Sells: http://www.gsb.stanford.edu/research/faculty/news_releases/rajiv.lal/lal.htm Hellofs, L Hicks, T. (2000). People Power: Smart Staffing Will Help Build A Brand. SGB: Sporting Goods Business, Vol. 33 (9), p. 14. Inman, J. J., Venkatesh, S. and Roselline, F. (2004). Reinventing the Department Store. Discount Merchandiser, Vol. 34 (5), pp.54-55. Joshi, S. (2003). Who’s buying at factory outlets? Financial Daily from THE HINDU group of publications. Retrieved on May 12, 2005 Keller, K NJ: Prentice-Hall. Kulpa, J. (1998). Service levels are key for Medic customer loyalty. Drug Store News, Vol. 20 (7), p.204. Li, J Lombart, C. (2004). Factory Outlet Centres in Belgium. European Retail Digest, Vol. 41 (Spring), pp.1-3. Martineau, P Messinger, P. R. and Narasimhan, C. (1997). A model of retail formats based on consumers’ economizing on shopping time. Marketing Science, Vol. 16 (1), pp. 1-23. Meyers, C Nasri, J. (1999). Traditional Retailers Prepare To Confront E-Commerce Challenge. Weekly Corporate Growth Report, Vol. 10 (172), pp.10505-10507. Nunnally, J Parker, R. S., Pettijohn, C., Pettijohn, L. and Kent, J. (2002). 12 (5), pp.6-7.

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